The loan is structured at 66% LTV over a 24-month term.
The permitted development in High Wycombe will consist of 43 studio flats, eight one-beds and a two-bed unit, totalling 52 new homes, as well as 68 car parking spaces for residents.
- The Finance Professional Show 2025: The Video
- Atelier funds Sheen Lane project with £37.7m
- Atelier funds £7.8m loan for Bristol office conversion
Luke Eadie, lending manager at Atelier (pictured above), commented: “It has been a pleasure to work with a new borrower and further strengthen our relationship with Brotherton on this permitted development scheme in High Wycombe.
“We look forward to seeing the delivery of 52 high-quality homes in an excellent location.”
Simon Joseph, relationship director at Atelier, said: “This is the latest in a long line of permitted development schemes we have financed, and we are well placed to advise developers on optimal loan structures for PD schemes.
“We can’t overlook the role office-residential conversion will play in increasing housing supply.”
Leave a comment