The homes will be delivered using Insulated Concrete Framework construction which has been selected for its sustainability and thermal performance benefits.

Full planning consent is already in place.

This site was acquired via share purchase, and the £11.9m facility has been structured to align with a sales-led exit.

The deal was introduced by Alex Kotelawala, director of retail & commercial finance at Pronto Management Consultants.

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In shaping the deal, Pronto navigated the interplay between an SPA acquisition and a subordinated mezzanine facility, while ensuring the funding structure was commercially viable and aligned with the client’s delivery strategy.

The deal was led by HTB lending director Rob Syrett (pictured above), with support from relationship manager Elysia Walters and head of distribution Scott Apps.

“Our role was to structure a facility that aligned with the client’s objectives while managing the complexity around multiple stakeholders,” said Rob.

“That’s where HTB adds real value: pragmatic structuring, commercial insight and relationship-led delivery.”

Legal support on the transaction was provided by Muckle LLP.