Pluto Finance

Pluto Finance completes fourth development loan for Stonegate Homes

Pluto Finance has completed its fourth development loan to repeat borrower Stonegate Homes.

The £8.7m stretched senior development loan will fund a new 49-unit residential scheme in Gerrards Cross, Buckinghamshire.

This follows last year’s £21m stretched senior development loan to the borrower for a 99-unit scheme in Godalming, Surrey. 

Greg Dunne, lending director at Pluto Finance, said: “This again highlights the focus Pluto puts on repeat business with our clients recognising the excellent customer service, pricing and flexibility that we offer. 

“As a one-stop shop for property lending, we are able to provide senior, stretched senior and bridging loans to our borrowers — offering a solution for any property financing requirements."

Jerry Hinds, founder of Stonegate Homes, commented: “We are delighted to have recently completed our fourth loan with Pluto Finance. 

“It is a relationship that is continuing to grow, and we look forward to working with them on more schemes in the future.”

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