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StreamBank has obtained a Limited Authorized Banking License (AWR). Founded by sole shareholder Alex Pusco (founder of ActivTrades), StreamBank grew out of five years of success in his ActivTrades bridging business to become a valued partner for real estate professionals seeking bridging and development funding. will continue to focus on
Initially, the bank will be in a mobilization phase during which it will be able to accept deposits of up to 50,000 and will take a year to reach final regulatory approval to lift the restrictions.
In 2016, the company took its first steps towards obtaining a UK banking license. Mutual Vision is our core banking platform. StreamBank will be led by Steve Pateman (Former CEO of Hodge and Shawbrook).
Fixed-rate bonds and other forward savings products may only be launched in the first half of 2023.
StreamBank CEO Steve Pateman said:
Over the past 12 months, through the hard work of all our teams, we have successfully built a bank that combines the efficiencies of modern technology with the judgment of traditional banking to support the needs of real estate professionals across the country. It is now possible.
“Real estate investors often find it difficult to work with lenders who speak their language and understand their needs, which leads to missed opportunities.
Creating a bank that leverages experience, judgment and a desire to find solutions will help real estate investors build coveted homes and spaces that drive economic prosperity.
StreamBank Chairman John Reed said:
A significant percentage of borrowers are missing out on healthy opportunities, only being turned down due to transaction complexity rather than credit quality.
StreamBank was built from the ground up to help real estate investors take advantage of these opportunities and, in turn, the nationwide housing shortage.
We need to especially thank the team, past and present, for their dedication and efforts in enabling us to obtain an interim banking license.We are making a real impact on the real estate market. We are confident that over time, we will aim to obtain full licenses and expand our offerings to adjacent markets and individual savers.
What is your bank’s vision (private bank, digital bank, etc.)?
The bank was founded to provide professional real estate and savings clients with the best financial solutions through a combination of experience, judgment and a desire to find solutions.
What are the next steps after obtaining a banking license?
We are working on mobilization over the next few months in preparation for the full banking license that we plan to build the offer offered by StreamBank.
A range of fixed deposit and notice savings accounts that offer consistently good rates combined with flexible and easy-to-use products.
Short-term property loans from 250,000 to 5 million to support property professionals, developers, entrepreneurs and landlords.
We offer a regulated bridge financing option for clients who wish to secure financing against their residential property. Alternatively, our non-regulated bridging finance products may be the answer for experienced real estate investors looking to expand or improve their portfolio.
Our development finance products provide real estate investors with solutions for ground-up development and large-scale renovation projects.
Commercial mortgages to invest in new facilities or refinance existing properties or portfolios. “
Do you have plans to expand overseas in 2023/4?
“We have no plans to expand internationally. We are committed to growth in the UK market.”
Do you also offer cryptocurrencies (regulated)?
We have no plans to offer cryptocurrencies and are committed to becoming a traditional lending and savings bank.
What should prospective depositors expect from you?
Depositors can expect consistently good rates, coupled with flexible and easy-to-use products, and have the peace of mind that their savings will be protected within the limits offered by the Financial Services Compensation Scheme.
StreamBank has obtained a Limited Authorized Banking License (AWR). Founded by the sole shareholder, Alex Pusco (founder of ActivTrades), StreamBank is born out of five years of success in his ActivTrades bridging business and destined to become a valued partner for real estate professionals seeking bridging and development funding. will continue to focus on
Initially, the bank will be in a mobilization phase during which it will be able to accept deposits of up to 50,000 and will take a year to reach final regulatory approval to lift the restrictions.
In 2016, the company took its first steps towards obtaining a UK banking license. Mutual Vision is our core banking platform. StreamBank will be led by Steve Pateman (Former CEO of Hodge and Shawbrook).
Fixed-rate bonds and other forward savings products may only be launched in the first half of 2023.
StreamBank CEO Steve Pateman said:
Over the past 12 months, through the hard work of all our teams, we have successfully built a bank that combines the efficiencies of modern technology with the judgment of traditional banking to support the needs of real estate professionals across the country. It is now possible.
“Real estate investors often find it difficult to work with lenders who speak their language and understand their needs, which leads to missed opportunities.
Creating a bank that leverages experience, judgment and a desire to find solutions will help real estate investors build coveted homes and spaces that drive economic prosperity.
StreamBank Chairman John Reed said:
A significant percentage of borrowers are missing out on healthy opportunities, only being turned down due to transaction complexity rather than credit quality.
StreamBank was built from the ground up to help real estate investors take advantage of these opportunities and, in turn, the nationwide housing shortage.
We need to especially thank the team, past and present, for their dedication and efforts in enabling us to obtain an interim banking license.We are making a real impact on the real estate market. We are confident that over time, we will aim to obtain full licenses and expand our offerings to adjacent markets and individual savers.
What is your bank’s vision (private bank, digital bank, etc.)?
The bank was founded to provide professional real estate and savings clients with the best financial solutions through a combination of experience, judgment and a desire to find solutions.
What are the next steps after obtaining a banking license?
We are working on mobilization over the next few months in preparation for a full banking license, which we plan to build the offer offered by StreamBank.
A range of fixed deposit and notice savings accounts that offer consistently good rates combined with flexible and easy-to-use products.
Short-term property loans from 250,000 to 5 million to support property professionals, developers, entrepreneurs and landlords.
We offer a regulated bridge financing option for clients who wish to secure financing against their residential property. Alternatively, our non-regulated bridging finance products may be the answer for experienced real estate investors looking to expand or improve their portfolio.
Our development finance products provide real estate investors with solutions for ground-up development and large-scale renovation projects.
Commercial mortgages to invest in new facilities or refinance existing properties or portfolios. “
Do you have plans to expand overseas in 2023/4?
“We have no plans to expand internationally. We are committed to growth in the UK market.”
Do you also offer cryptocurrencies (regulated)?
We have no plans to offer cryptocurrencies and are committed to becoming a traditional lending and savings bank.
What should prospective depositors expect from you?
Depositors can expect consistently good rates, coupled with flexible and easy-to-use products, and have the peace of mind that their savings will be protected within the limits offered by the Financial Services Compensation Scheme.
