Exclusive: Pluto provides £22m loan to leading housebuilder

Exclusive: Pluto provides £22m loan to leading housebuilder



Pluto Finance has completed a third loan for a leading South East developer to fund three new build projects..


Pluto Finance has completed a third loan for a leading South East developer to fund three new build projects.

The £22m stretched senior loan will finance the development of a 65-unit apartment scheme in Bracknell and the final stage of a 103-unit apartment scheme in Camberley.

Justin Faiz, Partner at Pluto Finance, said he was delighted to have closed another loan for a repeat borrower.

“We focus on building strong long term relationships with our clients and have strong appetite to fund well-located development projects throughout the Home Counties,” said Justin.

“This loan, which is secured against both consented and un-consented sites, demonstrates our ability to be flexible in our approach to structuring.”

Since July 2015, Pluto has provided £200m of new funding to developers including a £30m loan to Galliard Homes.



Leave a comment