The 27-month facility — agreed at 66% LTV — will be given alongside an investment from Housing Growth Partnership (HGP).
The peak debt structure of the Atelier loan will allow the developer to sell completed homes midway through the 27-month loan term while others are still under construction, in order to give Stancliffe Homes extra flexibility and lower interest costs.
The Bentley Walk scheme will include a full range of homes, including bungalows, semi-detached and detached houses with up to five bedrooms, as well as six affordable homes.
George Seabrook, lending manager at Atelier, commented: “The combination of Stancliffe Homes and HGP is a powerful one — both have an impressive record of delivering attractive, highly saleable homes in this stunning part of the UK.
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“That’s why we worked with them to provide a bespoke funding solution that will support the phased construction, completion and sale of the homes in Bentley Walk.
“Our peak debt facility will enable Stancliffe to run sales of completed units alongside the construction of later phases, providing optimum funding efficiency and keeping down finance costs.”
Sam Jones, director at Stancliffe Homes, commented: "We're delighted that the team at Atelier has chosen to support our latest scheme of high-quality new homes on the edge of the Peak District.
“Its unique approach to development finance for housebuilders has been a breath of fresh air — having met many of the team throughout the deal process, we are convinced Atelier will be a steadfast and highly supportive partner for us moving forward."
Mike Murphy, HGP investment director of the Midlands and Wales Region, added: “We’re proud to be continuing our partnership with Stancliffe Homes to help deliver its latest scheme in Tansley, which marks HGP’s second investment alongside the housebuilder.
“We’re excited to be working with Atelier on our first transaction together, and hope this will be the first of many opportunities for HGP and Atelier to work together in the Midlands and Wales.”