Oblix Capital, the London based bridging and development funding specialist, is pleased to announce a new funding arrangement with NatWest) which will support their ambitious growth targets and allow them to extend their lending capabilities by a further £25m.
Founded in 2014 by experienced property developer Rishi Passi, Oblix Capital has set itself apart from other lenders by providing unrivalled industry expertise, simple application processes and swift transparent decisions.
Commenting on the new funding line from NatWest, Rishi Passi, CEO said: “Oblix Capital has experienced rapid growth since being founded in 2014 and the partnership with NatWest will support our continued success as we move forward as a company. The new funding line, together with our own proprietary funds has allowed us to expand our product range and offer an even better service to our valued clients. I would also like to take the opportunity to thank both teams at NatWest and Oblix for all their hard work in cementing this partnership”.
Anuj Nehra, Managing Director of Oblix Capital added: “Oblix is at an exciting phase of its growth cycle and this arrangement along with the strategic investments we have made this past year demonstrates our commitment to offering new and innovative products to our clients. Working with the team at NatWest to extend our funding capabilities has been a pleasure and I thank them for their support in getting this milestone over the line. We have a great team at Oblix, and we are proud to be able to offer marketing-leading funding to our clients to support their opportunities and ambitions.”
Stuart Mogg, Director of Structured Finance for NatWest, commented: “We are delighted to be working with Oblix Capital and supporting their future growth strategy. Whilst Oblix are relatively new to the industry, the company has been formed with an experienced team of individuals and we look forward to working with them moving forward.”