The scheme on Tallack Road is within walking distance of a number of rail and tube links, including Leyton station.
The Leyton scheme development is set to be completed in 2020.
“We have been lending to Galliard Homes since 2014, working closely with the team on developments across the South East and we are delighted to be funding [its] latest scheme in Leyton,” said Mario Ioannides, lending director at Pluto Finance.
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“At only 60% LTV, we were able to offer a cheaper interest rate than the clearing banks.”
Jonathan Morgan, director of investment and developments at Galliard Homes, added: “We have a number of live development loans with Pluto Finance.
“[It continues] to offer a market-leading combination of pricing and pragmatism and we are very pleased to extend our cooperation to our new Leyton project.”