The 25-month facility – agreed at 72% LTGDV – will fund the acquisition and redevelopment of the 0.44-hectare site, which will provide 25 apartments and 12 houses upon completion.
Exit will be realised through sale of the finished units, according to Zorin.
Vinod Vijaya, lending director at Zorin Finance, said: “We are committed to supporting Montreaux with their long-term growth plans across the UK.
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“They have an exceptional delivery and management team and this project at St Albans will deliver high quality homes which will appeal to all the different class of buyers.”
David Burke, CEO at Montreaux Homes, added: “It was great to work with Vinod and the Zorin Finance team.
“Their support has been vital in helping Montreaux deliver this project and contribute to our Home Counties strategy."
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