Residential

Development of 30 new homes in Somerset

30-month ground-up development facility to fund the construction of 30 new family homes in a desirable village location.

We have provided £16.6m financing, structured as a peak debt facility at 54% LTGDV over a 30-month period, to fund a multi-phase ground-up development of high quality houses in Butleigh, Somerset. These new homes are being built by Galion – an award winning local house-builder providing comfortable and desirable family homes, with a focus on sustainability, energy efficiency and use of local materials.

Gross Loan

£16.6m

Term

30 months

LTV

54% (peak LTGDV)

Units Created

30

Exit Method

Sale

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