Peritus Corporate completes Eaton Homes development loan

Peritus Corporate has completed a new residential development facility for Eaton Homes.

After already providing the funds for the first phase, Peritus was approached again by the Cheshire homes developer to finance the second phase, following the completion of the sites whole infrastructure of 83 units, as well as the development of the first 31 new residential homes at The Old Market in Beeston.

The 20-month term facility for the development of the 30 units in phase two has a GDV of £10.1m.

Lee Mainwaring, director at Eaton Homes, said: “We have built an excellent working relationship with Peritus during [our] phase one development and this second transaction.

“Our Beeston scheme contains a collection of fantastic one-, two-, three-, four- and five-bedroom homes in a variety of styles that promote open plan, modern living in the heart of the Cheshire countryside.”

Gordon Clements, consultant at Peritus, added: “We were delighted to again work with Eaton Homes and we look forward to the second phase making great progress during 2023.

“Peritus continues to be active in the market and our team of experienced property professionals are all working hard to ensure our clients receive a smooth and seamless transaction.”

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