Assetz Capital completes £2.73m facility for Midlothian development

Located approximately 12 miles south west of Edinburgh city centre, Dalmahoy Farm Villas comprises a mix of four and five-bedroom detached homes, featuring EV charging, solar panels, and has achieved an EPC A rating.

Having already completed four of the eight homes planned for the site, Assetz Capital worked with the developer to structure a flexible facility. The result was an 18-month facility structured at 63.34% loan-to-value (LTV), assisting the borrower with refinancing an existing banking facility and supporting the completion of the development.

The funding included a c.£1.5m day one refinance against the existing site position, alongside c.£950k of development finance to complete a further three units.

Ciaran McGivern, regional director north at Assetz Capital, said: “This facility reflects Assetz Capital’s focus on supporting well-designed residential schemes and providing practical funding solutions that keep delivery moving. We’re pleased to be backing an experienced SME developer through the refinance of a part-complete site and into the final stages of construction, providing the flexibility needed.

“This is all part of our commitment to supporting SME housebuilders right across the UK, ensuring high-quality homes come to market and supporting the development of local communities.”