Assetz Capital has completed two deals, one a £5m commercial mortgage and the second being a £7m development finance deal.
The first transaction involved a £5m commercial mortgage to refinance an ibis Styles hotel at Waterloo Street in Glasgow, owned by a private equity firm.
The £7m development finance deal will enable the ground up build of three luxury, detached properties in Surrey.
David Hehir, relationship director at Assetz Capital, said: “I was delighted to be able to support the re-finance of the ibis Styles Glasgow Central Hotel with a £5m debt package.
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“We worked closely with Maven Capital Partners to facilitate its delivery which re-affirms our commitment to the hotel sector in Scotland and the wider UK market.”
Jon Pike, relationship director at Assetz Capital who managed the development finance project, commented: “It was a pleasure to structure this development deal for such a highly professional team, in this case to enable the build of three, beautifully designed and crafted manor houses in a stunning part of Surrey.
“Whilst title and site access issues proved a legal challenge, outstanding teamwork and the can-do attitude of the team at Assetz and the developer found the way through.”
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