The technology gives Atelier’s clients a real-time dashboard which shows all the key information about their facility including the current balance, how much of their principal they’ve drawn down, their interest costs, and when the loan is due to mature.
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The encrypted platform — optimised for all devices and accessed via Atelier’s website — also allows developers who have a multi-draw facility to request additional drawdowns, manage project cashflow, and obtain a detailed account or redemption statement.
Launched in January 2020 as Atelier Capital Partners, the lender has already provided circa £200m of development and bridging finance to property professionals and developers, and is currently on track to reach £300m of lending to Britain’s real estate sector by the end of 2022.
Simon Dawson, head of technology at Atelier, said: “Atelier’s motto is ‘better property finance, by design’ and this idea underpins not just the way we tailor our loans to suit each and every borrower, but also the way our borrowers interact with us.
“Our secure borrower portal gives developers instant access to the information that matters most about their funding — whether they’re at their desk or in the thick of it on site.
“This level of visibility and control is almost unheard of in the development finance space, but we feel it’s fundamental to our high-touch relationships with our borrowers.”