A bridge to 365 new homes
This facility acted as a bridge between purchase and construction of a large development site in East Anglia.
We provided an £11m, 12 month senior land bridge facility to a regional developer with over 30 years of experience.
We helped our client with a bridge facility to provide time for various planning conditions to be met and approved on this site in an area of East Anglia earmarked for much-needed new homes. The final project will deliver 365 new-build houses, designed in a classic style with excellent finishes throughout and at affordable prices.
Gross Loan
£11M
Term
12 Months
LTV
61%
Units Created
NA
Exit Method
Refinance
“Solving the housing crisis requires bold action and assisting in the process to create 365 houses is a bold move which we are very happy to support.”
- Samantha Londerville, Investment Manager
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