Urban regeneration in Reading
We provided a land bridge facility to enable our client to gain full planning permission for residential and commercial use on a brownfield site.
We provided a senior land bridge finance facility to a repeat client with strong experience delivering residential schemes on brownfield sites.
We helped this client with a nine month bridge to provide time for full planning consent to be granted on a residential scheme in central Reading. The site will eventually deliver 26 new homes in an area allocated by the local council for regeneration. Over 30% of the proposed units will be allocated for affordable housing.
Gross Loan
£0.6M
Term
9 Months
LTV
45%
Units Created
NA
Exit Method
Refinance
“Brownfield sites can often be less appealing to developers as they can be complicated. This site wasn’t without its challenges but we found a way through and full planning has now been granted.”
- Martin Gilsenan, Chief Originations Officer
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