Development of new family houses in Northumberland

21-month facility for the construction of eight family homes

We provided a £5.72m ground-up development loan to an experienced property developer. We are excited to see the project unfold, bringing eight impressive rural dwellings to an attractive area of North East England.

“We are delighted to be working with Atelier on this exciting project. From start to finish we have worked together to find the right solution for the contractual constraints and worked to some tight deadlines.

The team at Atelier has been excellent and we look forward to now bringing the site forward”

Steve Litherland, Managing Director of Acland Homes

Gross Loan

£5.72m

Term

21 months

LTV

70%

Units Created

Exit Method

Sales

"We collaborated with the introducer and developer to create a bespoke facility and pricing stucture, by adopting a solutions-focused approach. The developer’s track record and experience in creating quality family homes speaks volumes and was an important factor when structuring the facility."

- George Seabrook, Lending Manager