The borrower has worked with Pluto before which helped fund its acquisition of the land.
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“This transaction highlights Pluto Finance’s ability to offer competitive, low-leverage development finance that provides developers with the flexibility they need to succeed,” said Bertie Edwards-Hedges, lending manager at Pluto (pictured above).
Forsters LLP served as legal counsel for the transaction, with Dalbergia and Cushman advising the lender.
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