LDS teams up with Shawbrook to support £6m GDV apartment development

LDS has joined forces with Shawbrook Bank to speed up the construction of 18 new-build residential apartments in Weston-super-Mare.

LDS has provided The PG Group with over £400,000 of funding.

The 85% LTC facility will drive forward the completion of the £6m GDV development. 

Alex Maltby, origination director at LDS (pictured above), commented: “LDS has the appetite to support quality partners in all market conditions. 

“It was a pleasure to collaborate with Shawbrook and The PG Group on this bespoke funding structure.

“We’re excited to be part of this development, and to be facilitating the delivery of more homes by The PG Group.”

Stuart Gaiger, shareholder director at The PG Group, said: “We’re delighted to conclude this first transaction with LDS.

“Not only will this speed up the completion of this project, but it also supports us bringing forward our wider pipeline of homes throughout the South West.”

John Hughes, senior relationship director at Shawbrook, added: “It’s fantastic to be working with both The PG Group and LDS on this project. 

“The development brings much needed quality housing to Weston and the support from LDS will assist in bringing this to fruition.”

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