Development of 15 new homes in Yorkshire

Residential

Development of 15 new homes in Yorkshire

24-month ground-up development facility to fund the construction of 15 homes in a sought after village location.

We have provided a £5.1m development facility to fund the construction of 15 family homes in a sought-after village location. The new homes will comprise a mix of properties; including private sales and an element of affordable and first homes, which will address strong local demand for family housing.

This is our second transaction with an accomplished property developer, with the previous scheme proving to be highly successful with the development completing on time, on plan and on budget.

Gross Loan

£5.1m

Term

24 months

LTV

70%

Units Created

Exit Method

Sale

"We were pleased to support our client on another high-quality project. With this loan, it was important to move quickly — and our team worked at pace to structure a facility that gave them the flexibility and cost-efficiency they needed. We look forward to seeing the development take shape over the coming months."

Raj Hothi, Lending Director

“After delays in gaining planning, we were keen to get on site as quickly as possible. Having worked with Atelier before, we knew they could move quickly — and they didn’t disappoint. The terms were strong, and the variable rate means we’ll benefit immediately from any reductions in the base rate, which we expect to see over the next 18 months. It’s great to be working with the team at Atelier on another project.”

Darran Clemmit, PDS Construction

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Development of 15 new homes in Yorkshire

24-month ground-up development facility to fund the construction of 15 homes in a sought after village location.

Development of 15 new homes in Yorkshire

24-month ground-up development facility to fund the construction of 15 homes in a sought after village location.

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