The 24-month term loan, at 70% LTGDV, will allow the developer - PDS Construction - to deliver the houses on the 3.2-acre greenfield site.

These houses will comprise a mixture of properties, with pricing accommodated for both private sales and affordable homes.

After overcoming planning delays, PDS Construction has been quick to move and Atelier has provided a variable interest rate with no floor.

This development is expected to complete in late 2026, with sales providing the exit strategy.

“We were pleased to support our client on another high-quality project,” said Raj Hothi, lending manager at Atelier.

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“With this loan, it was important to move quickly — and our team worked at pace to structure a facility that gave them the flexibility and cost-efficiency they needed.

“We look forward to seeing the development take shape over the coming months.”

Darran Clemmit, director at PDS Construction, added: “Having worked with Atelier before, we knew they could move quickly — and they didn’t disappoint.

“The terms were strong, and the variable rate means we’ll benefit immediately from any reductions in the base rate, which we expect to see over the next 18 months.

“It’s great to be working with the team at Atelier on another project.”