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Hilltop provides £15m loan for Buckinghamshire residential development



Hilltop Credit Partners has completed a £15m loan to Gage Properties for the acquisition and development of nine residential units within the Taplow riverside development by Berkeley Homes in Buckinghamshire.

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Two of the units will be conversions of the Old Boat House, an existing office facility, into large semi-detached houses, and one will be a refurbishment of an on-site cottage.

The remaining six properties developed will be new-build terrace houses.

Each home will come with its own private boat mooring.

The loan was agreed at an 87.5% LTC and 72.7% LTGDV on a 30-month term.

Paul Oberschneider, founder and CEO at Hilltop Credit Partners, said: “Gage have proven to be a pleasure to work with, thoroughly innovative, professional and dedicated. 

“This new development is truly gorgeous; while falling outside of the ‘affordable’ bracket, I have no doubt whatsoever about its success.

“With this announcement, Hilltop has facilitated the construction of 176 residential units across England to date.” 

Gavin Essex, project sponsor and managing director at Gage Properties, commented: “Taplow is our largest site acquisition to date, and our second to be funded by Hilltop Credit Partners. 

“The development is a particularly exciting opportunity to add an aspirational element to an already popular development. 

“We have worked with Hilltop previously and their commitment to their clients made choosing them again an easy decision.”



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