Peer-to-peer lender nears £100m target
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.
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.
Belfast Telegraph