Iron Bridge Finance completes equity deal for Bury St Edmunds development

Iron Bridge Finance has completed an equity and mezzanine facility totalling over £1m for a residential scheme in Bury St Edmunds, Suffolk.

The funding will assist the borrower with the development of the 15-home £10m GDV project, as well as with ongoing advice and support on its build, marketing, and sales.

The properties are situated in a privately gated area and feature a mix of luxury modern townhouses and traditional homes.

This is an example of the lender’s new equity product, which provides JV equity together with mezzanine finance to residential property developers. 

Lance Joseph, CEO at Iron Bridge Finance, said: “We are delighted to  offer equity funding in addition to our traditional mezzanine finance. 

“This is one of many deals we completed over the summer, which is testament to the dedication of the team and the strength of the market during these unprecedented times.”

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