The part-complete development, 12 miles South West of Edinburgh, comprises a mix of four- and five-bedroom detached homes.

The gated development features EV charging points, solar panels and an EPC A rating, and the developer has completed four of the eight units.

Assetz worked with this developer to structure an 18-month facility at 63.34% LTV, helping refinance an existing banking facility.

The funding included a £1.5m day one refinance against the existing site position, alongside £950,000 of development finance to complete a further three units.

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“This facility reflects Assetz Capital’s focus on supporting well-designed residential schemes and providing practical funding solutions that keep delivery moving,” said Ciaran McGivern, regional director (North) at Assetz Capital.

“We’re pleased to be backing an experienced SME developer through the refinance of a part-complete site and into the final stages of construction, providing the flexibility needed.

“This is all part of our commitment to supporting SME housebuilders right across the UK, ensuring high-quality homes come to market and supporting the development of local communities.”