Peritus scheme

£36m development facility completes for Hackney mixed-use scheme

Peritus Corporate Finance has announced the completion of a £36m development facility for the construction of a mixed-use scheme in Hackney, east London.

The development – which will comprise 79 apartments and 40% of commercial space – has a GDV of over £65m.

A number of the residential units will also qualify for Help to Buy.

The facility was provided by a specialist development finance lender based in London.

Peritus acted for the borrower alongside Gowling WLG’s real estate team. 

Findon Homes will act as the project manager for the development.

Steven Oliver, chief operations officer at Peritus Corporate Finance, said: “We were delighted to be appointed to act on behalf of the borrower on such a prestigious project and would like to thank the borrower’s team and the lender for all their hard work in completing this transaction.”

David Pollock of Findon Homes added: “This will be the third recent development for us in Hackney and we are continuing to grow our development pipeline in London. 

“I would like to thank both Peritus and Gowling for their hard work in completing this facility, which will enable us to move forwards and deliver a market-leading development in one of London’s most exciting locations.”

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