Build-to-Rent

89 new Build-to-Rent houses near Durham

Ground-up development facility to fund the construction of 89 new houses near Durham. 

We have provided a 17-month £7.14 million gross development facility to fund the construction costs to build out 89 build-to-rent houses in Esh Winning, Durham. 

We are delighted to be working alongside Placefirst for the first time to complete this project, creating much-needed build-to-rent homes. Placefirst are a prominent build-to-rent developer in the UK and this project aims to support the high-demand for good quality and affordable rental properties in the north of England.

 

Gross Loan

£7.14m

Term

17 months

LTV

64%

Units Created

89

Exit Method

Sales

Loan Solutions

Residential

We specialise in providing tailored loan solutions for professional residential property developers. We offer choice and value, including variable and fixed rate options up to 70% LTGDV on loans between £3m to £40m. Our team of property professionals are expert in structuring the right finance solutions for your project – whether you have land with planning, are undertaking a permitted development, or are converting an existing building.

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Purpose-Built Student Accommodation

We work with professional developers of PBSA schemes across the UK, providing customised finance facilities that align with the unique requirements of PBSA development and support build programmes to meet academic intake dates.

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Build-to-Rent

We specialise in providing lending solutions that can be customised to meet the unique needs and requirements of build-to-rent projects. We offer competitive variable and fixed rate options and terms, which will ensure optimisation of the project's financial performance and return on investment.

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Care

We have extensive experience in providing finance solutions for care home developers and operators. Our facilities are structured to support every stage of your care home development project, from acquisition, development and stabilisation of the asset.

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Bridging

We recognise the importance of fast decisions and approvals for short-term financing requirements that will enable you to act quickly. As a specialist lender, our team of lawyers, surveyors, and credit experts can craft custom and transparent lending solutions for property acquisition, planning gain, and developer exit.  You also have the benefit of being able to leverage our development finance expertise for longer-term finance requirements.

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