Beaufort Capital has completed the financing of a peak-debt facility for a regional housebuilder client.
The funding, which is part of a £50m facility, will be used to fund the delivery of 125 homes, predominantly for private sale, with a total GDV of more than £40m.
The development, which is situated near Nottingham, boasts a host of sustainability features, including EV car charging points, PV solar panels and low energy lighting, with all house types designed to absorb solar gain but mitigate over-heating to the latest regulations.
This is the second residential scheme out of a portfolio of seven, for the unnamed property developer, which operates across Yorkshire, Nottinghamshire and Derbyshire.
Mark Quigley, from Beaufort Capital Management UK, the investment adviser to Beaufort Capital, said: “Following in quick succession from initially financing the first scheme near Doncaster, it is extremely pleasing to be able to support this strong management team by funding a second project near Nottingham.
“As part of an overall funding line we are providing which contemplates up to seven new housing developments, we’re already looking at two further schemes. The one announced today, as well as the two new ones in the pipeline, will all include affordable housing alongside the private single family houses.”
