Digital commercial funding platform Bricklow has partnered with a rent advance operation.
It’s teamed up with Factored, in a deal described as offering additional funding options for landlords and brokers.
Factored describes itself as providing a cashflow tool to complement traditional property finance.
Offering advances of up to £50,000, it says it specialises in ‘smaller ticket sizes’ that sit alongside the larger loan options already available through Brickflow.
The funding is designed primarily for landlords who receive rental income monthly but need access to funds upfront.
Frazer Campbell, chief revenue officer of Brickflow, says: “Brickflow is committed to building out tools and funding options for brokers and borrowers. Factored introduces an innovative offering that works alongside traditional property finance and can be particularly useful for landlords managing cash flow or waiting for refinancing.”
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This article is taken from Landlord Today