The development marks the first time all three groups have worked together on a single project

Pluto Finance completes £10m facility for residential partnership

Property development lender Pluto Finance has completed a £10m loan to the partnership formed by Devonshire Homes and Housing Growth Partnership (HGP), for the development of a new build residential project named Dancing Green.

The 26-month 65% LTGDV and 78% LTC facility will be used to build 24 of the 31 homes being developed in Wincanton, Somerset.

The development marks Pluto Finance’s first loan with Devonshire Homes and HGP which had a seven-week turnaround from application to completion.

Dancing Green will tackle the demand for much-needed housing in the area and is expected to generate employment opportunities, benefiting the local community, while contributing to the overall growth and prosperity of the region.

Jonathan Scott, lending director at Pluto Finance (pictured above), said: "We are delighted to work with Devonshire Homes and HGP on this project.

“Together we aim to enable exceptional housing opportunities while fostering economic growth and employment in the area."

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