The marketplace lender provided a £475,000 commercial mortgage for the site in addition to supplying Roseberry View with a £1.73m development loan.

Assetz Capital split the development loan into two phases with the first phase consisting of five lodges, associated finance and groundwork costs, while the second phase comprised funding for the remaining five lodges.

•   DFT roundtable: Strong QS relationships, communication and resistance to tech during the evolution of a scheme
•   Assetz Capital lends £3.1m for construction of eight homes on farmland
•   Assetz Capital provides funding for 260 homes since entering NI market

All lodges on the Roseberry View holiday site — which is based in Great Ayton and situated around a private lake — have a private hot tub and parking. 

The site also includes a play park for children, a playground for dogs, barbeque area and a sauna.

The development has taken 12 months to complete.

“Roseberry View has been a huge project and one that I am really proud to say is now complete and taking new bookings every day,” said Andrew Platts, managing director at Roseberry View.

Rory Whaling, regional relationship director for the North East at Assetz Capital, added: “Assetz Capital is delighted to have been given the opportunity to positively affect the local economy, boosting tourism for the area.”