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Peer-to-peer lender nears £100m target

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Business lender Assetz Capital has revealed it has loaned £74.2m since opening in Northern Ireland three years ago

Business lender Assetz Capital has revealed it has loaned £74.2m since opening in Northern Ireland three years ago

Alex Dodd

Business lender Assetz Capital has revealed it has loaned £74.2m since opening in Northern Ireland three years ago

Business lender Assetz Capital has revealed it has loaned £74.2m since opening in Northern Ireland three years ago.

The peer-to-peer lender said it hoped to reach a £100m target by the end of the year.

Among the projects it helped fund were 433 homes built by the Devine Group, which received £7.2m from Assetz.

The company is now building 25 homes in the Gallion Glen area of Cookstown.

Assetz also loaned £2.5m to fund a commercial development - the construction of a petrol filing station and retail parade anchored by an M&S Simply Food store - at Belfast International Airport.

The company provides commercial mortgages for owner-occupied premises, residential and commercial development finance, bridging loans and buy-to-let funding.

The lender funds the loans through a network of more than 38,000 retail and institutional investors.

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