Atelier agrees £12.1m peak debt loan for Stancliffe Homes' HGP-backed scheme in the Peak District
The 27-month facility — agreed at 66% LTV — will be given alongside an investment from Housing Growth Partnership (HGP).
George Seabrook, lending manager at Atelier, commented: “The combination of Stancliffe Homes and HGP is a powerful one — both have an impressive record of delivering attractive, highly saleable homes in this stunning part of the UK. Our peak debt facility will enable Stancliffe to run sales of completed units alongside the construction of later phases, providing optimum funding efficiency and keeping down finance costs.”
Development Finance Today, September 2023
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