The funding will enable a borrower to complete works on the conversion of a residential farmhouse near Crewe, while also refinancing high-net-worth investor monies of approximately £765,000.
Stuart Law, CEO of Assetz Capital, said: “We continue to increase our funding for housing and other development projects across the whole UK and are seeing substantial demand for our services.
“…Our flexible approach for viable sites and projects is a breath of fresh air to both introducers and their clients.’’
Assetz Capital was introduced to the borrower by Aidan Tiernan, managing director of Creative Commercial Funding Ltd.
Aidan added: “As a master broker, we have a solid understanding of the lender’s criteria, and with all parties working together, we were able to deliver the funding efficiently and within the client’s requirements and timescales.”
The refurbishment is expected to be completed within four to six months.
In June, Assetz Capital partnered with dating-style loans sourcing platform Fundbay to offer a range of new commercial mortgage products.
In the same month, Moneysupermarket also launched a £150 cashback incentive to those investing via Assetz Capital.
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