The loan has been taken on a 24-month term at a LTGDV ration of 65% and an interest margin of 5%.
The funds will cover the development of three houses, which will each have individual sales values of between £1.5m and £2m.
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Tom Berry, asset finance advisor at Arc & Co (pictured above), said: “The demand for high-quality housing in Cambridge makes this an attractive scheme for lenders, but it is still crucial to find a partnership that works for everyone.
Alex Upton, managing director for development and bridging finance at HTB, added: “Property lending requires everyone involved in the project to work together as a team to achieve the same goal, no matter how complex.
“Arc & Co continues to show dedication in ensuring that the requirements of lenders and developers are met, and that this can be replicated on future developments for great clients such as this.”
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