Highlights for the P2P lender included a refinance to Poplar Investments for a completed block of apartments in Belfast as well as the provision of a £320,000 gross loan to St Florence to assist with the refinance and refurbishment of an investment property.
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“In recent years, alternative finance solutions have become more established and accessible for smaller businesses across the UK, acting as viable alternatives to bank loans,” said Damien Druce, director of intermediaries at Assetz Capital (pictured above).
“Bridging loans have increased in popularity due to their speedy execution and convenient interest payments, which are typically rolled up over term, rather than paid monthly.
“Likewise, SME loans hold benefits, including flexible offerings and interest payments that can improve cash flow and working capital for smaller organisations.”