Vector Capital lends £3.3m for four housing developments



Vector Capital has issued £3.3m of development loans to Goldcrest Group for four new housing projects in Woburn Sands and Aspley Heath, Bedfordshire.

The loan was secured against first charges at 68% LTV over four years and was processed in under 21 days from the initial application to the drawdown of funds.

Properties across the four sites — which have a combined value of £10.7m — feature the development of 13 apartments at Woburn, two semis, and a barn-style house in Aspley Heath.

A further detached property site remains land banked, subject to an appeal for apartments.

The specialist lender provided the loans to finance the four sites, in addition to offering ongoing funding for the construction of all the properties.

“We have worked with Goldcrest Group on several projects over the years and have been very impressed by the quality and standard of their developments,” said Agam Jain, managing director at Vector Capital (pictured above).

“We are looking forward to working with the Group on their future developments.”

Matt Evans, extant director at Goldcrest Group, added: “We continue to grow in strength due to the flexible funding provided by Vector Capital.

“We have found them extremely efficient and responsive as our financial requirements arise.”


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