It has been a busy year at Selina Finance: we have grown our team, relaunched products to adapt to changing market conditions, and invested in developing our systems and processes.
Another exciting announcement is the completion of our Series A investment round, comprising £12m in equity and £30m in debt lines. This investment is a significant milestone for Selina Finance since our launch – only one year ago! – and, while it’s certainly been a team effort, we’d like to acknowledge and thank all our broking partners who have helped us along the way. We couldn’t have achieved this without you.
Our focuses for the second half of the year are to drive further growth in our products, platform, and technology, and bring our flexible credit facilities to more businesses/property investors, and, post-regulatory approval, consumers!
Read more at Techcrunch and Altfi.
In other news, Selina Finance has increased the maximum LTV it will lend up to for its Property Investor Credit Facility to 75%.
Our Property Investor Credit Facility allows portfolio landlords and professional property investors take out a 3-year revolving credit facility across multiple properties (on a first or second charge basis). The facility is ideal for borrowers looking to make a quick purchase or who require fast access to capital.
See more below.
Property Investor Credit Facility (PICF)
- Revolving credit facility that allows property investors to draw (and repay) funds secured against their property portfolio
- Secure against multiple properties (both on a first and second charge basis) up to maximum LTV of 75%
- For any property-investment related purpose, investors can keep their facility in place for 3 years (with no early repayment charges!)
Download the PICF criteria guide here