The Farnham-based venture capital group will use the facility to fund the construction of five, high-specification, five-bedroom homes in Hampshire, with each home covering 3,600 sq ft.
The scheme has a target GDV of more than £9.5m, while construction is expected to take approximately nine months, with sales to follow shortly afterwards.
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Stephen Wasserman, managing director at West One Loans (pictured above), said that this was a great opportunity to support an experienced developer in funding an impressive scheme which is sympathetic to its semi-rural surroundings.
“We’ve worked with ME Developments on previous projects and [it] always [delivers] an extremely good product.”
Simon Marshall, CEO at ME Developments, added: “We're delighted to team up with West One Loans, who we have worked closely with in the past and have proven to be a responsive and flexible finance partner.
“Like all ME projects, this will deliver high-quality property in a beautiful location.”