This loan — structured over a 28-month term at 68% LTV — will help deliver 24 new homes.
The funding will support site acquisition and ground-up construction, with these homes configured over two to five-bedrooms.
Each home will have a large garden.
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"We are pleased to be working with such an experienced developer with a proven track record of delivering high-quality schemes,” said Raj Hothi, lending director at Atelier.
“We structured the facility on a peak debt basis and provided a strong day one advance to support the site acquisition, ensuring the funding reflected both the strength of the opportunity and the borrower's experience."
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