Development of 24 new homes in Norfolk
Two-year facility to fund the construction of a new residential scheme, including six affordable homes.
We have provided a £6.92m ground-up development loan to construct a variety of new homes including bungalows, detached houses and affordable units in East Anglia. Given the limited supply of housing in the local area, our professional partners expect the new properties to be attractive to young professionals, families, and retirees.
Gross Loan
£6.92m
Term
24 months
LTV
70%
Units Created
24
Exit Method
Sales
"We’re pleased to be partnering with an experienced sponsor who possesses an expert understanding of the local area. Our Borrower is part of a family-owned business that has been operating since the 1940's and their strategy to provide a variety of homes including six affordable properties, aligns well with Atelier’s ethos of providing a long-lasting positive impact."
- George Seabrook, Lending Manager
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