SME housebuilder secures £37.1m for Surrey scheme

Paragon Development Finance has provided a £37.1m facility to SME housebuilder Nicholas King Homes for the final phase of the Amber Waterside residential scheme in Cranleigh, Surrey. The development finance package will fund construction of 110 homes, completing the lakeside development with a gross development value of approximately £54m. The post SME housebuilder secures £37.1m for Surrey scheme...

Cheshire bungalow redevelopment secures £900,000 finance

A property developer has secured £900,000 in development finance to convert a 1970s bungalow in Northwich, Cheshire into a five-bedroom home valued at approximately £2 million. Charles Street Finance provided the funding for the ten-month build phase with total construction costs of £630,000. The post Cheshire bungalow redevelopment secures £900,000 finance appeared first on...

Avamore Capital completes £926k development loan in three weeks

Avamore Capital has completed a £926,000 ground-up development finance facility within three weeks, incorporating a day-one advance structure. The facility was structured to accommodate the borrower's changing cost requirements throughout the development timeline. The post Avamore Capital completes £926k development loan in three weeks appeared first on...

Assetz Capital provides £2.73m for Midlothian development

Assetz Capital has completed a £2.73 million development finance facility for the refinance and completion of Dalmahoy Farm Villas in Midlothian. The 18-month facility at 63.34% LTV supports the completion of three remaining units in the eight-home development near Edinburgh. The post Assetz Capital provides £2.73m for Midlothian development appeared first on...

Pallas Capital completes £970k exit loan in five weeks

Pallas Capital has completed a £970,000 development exit loan for a residential scheme in Kibworth, Leicestershire, within a five-week timeframe. The 12-month bridging facility refinances an existing development facility and provides funding for the marketing phase of four units within a 10-unit project. The post Pallas Capital completes £970k exit loan in five weeks appeared first on...

Wadi Safar emerges as Riyadh’s ultra-prime residential district

Wadi Safar, a low-density residential district within the Diriyah masterplan west of Riyadh, is attracting attention from investors and high-net-worth buyers as Saudi Arabia's luxury property sector expands under Vision 2030. The district features four residential offerings targeting different buyer profiles, from trophy mansions to bespoke land plots. The post Wadi Safar emerges as Riyadh’s ultra-prime...