Assetz Capital has completed an 18-month bridging facility worth £506,250, secured against a prime residential property in Holywood, Co. Down.
The loan, structured at 75% loan-to-value with a rate of 9.5%, is the latest in a series of transactions the lender has undertaken in Northern Ireland, reflecting growing demand for short-term finance in key residential markets.
The facility was introduced by long-standing broker partner Lindsays Commercial, continuing a relationship that has already delivered several deals across the region.
Ciaran McGivern, relationship director at Assetz Capital, said: “We are delighted to complete this latest residential bridging facility in Holywood, one of Northern Ireland’s most desirable residential locations.
“This deal highlights both our ability to provide competitive bridging finance and the value of strong partnerships with brokers who trust us to deliver for their clients time and time again.”
Kyle Lindsay, director at Lindsays Commercial, added: “Assetz Capital has been a long-standing funding partner, assisting our clients across Northern Ireland with a wide variety of property projects.
“In this case we were working with a repeat borrower, and Assetz Capital’s commercial approach was fully aligned to the client’s requirement to release equity for other projects.
“Their ability to deliver tailored solutions quickly and consistently has been key to the success of our ongoing relationship.”
The deal was supported by valuers Tom McIlwaine and Tim Reid of Colliers Belfast Limited and solicitor Max Nesbitt of Wilson Nesbitt, whose involvement was instrumental in bringing the transaction to completion.
