The facility was provided at 75% LTV with a 9.5% rate.
The transaction was introduced by a broker partner who has concluded a number of transactions across Northern Ireland with the lender.
Ciaran McGivern, relationship director at Assetz Capital, commented: “We are delighted to complete this latest residential bridging facility in Holywood, one of Northern Ireland’s most desirable residential locations.
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“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.
“Its ability to deliver tailored solutions quickly and consistently has been key to the success of our ongoing relationship.”
Assetz Capital has thanked valuers Tom McIlwaine and Tim Reid at Colliers Belfast Limited, along with solicitor Max Nesbitt at Wilson Nesbitt, for their support on this deal.
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