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 theĀ completion of our Series A investment round, comprising Ā£12m in equity and Ā£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.Ā 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 atĀ TechcrunchĀ andĀ Altfi.
In other news, Selina Finance has increased theĀ maximum LTVĀ it will lend up to for its Property Investor Credit Facility toĀ 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 facilityĀ that allows property investors to draw (and repay) funds secured against their property portfolio
- Secure against multiple propertiesĀ (both on a first and second charge basis) up toĀ maximum LTV of 75%
- ForĀ any property-investment related purpose, investors can keep their facility in place forĀ 3 years (with no early repayment charges!)
Download the PICF criteria guideĀ here