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2 June 2025

Assetz Capital funds final phase of residential scheme in Northern Ireland

The latest £705,000 development finance loan marks the final phase of a multi-stage project

Development finance in Northern Ireland

Assetz Capital, one of the UK’s leading property finance lenders for SMEs, has announced the completion funding of a 33-unit residential development in Cullybackey, Northern Ireland.

Supporting local growth through smart lending

The latest £705,000 development finance loan marks the final phase of a multi-stage project, backing the construction of five detached and semi-detached homes. This tranche enables a smooth continuation of the scheme and ensures its timely delivery — a vital contribution to the region’s housing needs.

Assetz Capital has been a long-standing supporter of the project, with this latest funding helping a repeat borrower complete all four phases of development.

Insight from our regional team

Ciaran McGivern, Relationship Director at Assetz Capital, shared his perspective on the project’s progression. “We are delighted to have now provided the final funding to complete this scheme of 33 units, while supporting a strong and reliable regional developer. The borrower was advised by Kyle Lindsay of Lindsay Commercial Finance, who has been instrumental in agreeing a flexible facility structure aligned to the scheme’s progress since the inception of the development.”

Ciaran also highlighted Assetz Capital’s expanding footprint across Northern Ireland. “Our presence in the area has enabled us to finance developments across Ballymena, Cullybackey, Ballymoney, Portrush and Coleraine. The ability to offer funding from BoE + 4.6%, combined with our speed and appetite, continues to drive developers away from traditional banks and towards more responsive lenders like us.”

A regional commitment to housing

Andrew Fraser, Chief Commercial Officer at Assetz Capital, further emphasised the company’s strong commitment to Northern Ireland. “Northern Ireland remains a strong area for Assetz Capital where we’ve funded the construction of 721 homes. We are really proud of our developer customer base and what they are delivering across the region. From Belfast to Strabane, if the developer and the scheme make sense, we will try and find a way to support it.”

Delivering impactful results

This transaction reinforces Assetz Capital’s reputation as a responsive and trusted lending partner. By backing experienced developers and flexible financing solutions, we continue to support the growth of local communities through meaningful housing development.

If you have a development finance project that needs funding, then we’re here to help. Simply call our New Business Team on 0800 470 0430. Or email them using [email protected].

Alternatively, complete the short form below, and one of our expert team will get straight back to you.