Castle Finance was created in 2018 to counter tightened bank lending for property developers. Developers who relied on bank funding found they were being asked to jump through higher hurdles to get the same funding they had always received.
Lenders were becoming more conservative, forcing borrowers to look elsewhere for finance. On the other hand, interest rates were historically low, and private investors were looking for high yielding, safe investments.
Castle Finance was created to bring borrowers and investors together for a mutually beneficial capital agreement.