Beaufort Capital has completed a facility to fund the refinance and planning of a 190-home, circa £140m GDV residential development site in St Albans, Hertfordshire.
The facility will be used to refinance an existing facility on the site and provide sufficient time for the borrower to sign the section 106 agreement, having already received a resolution to grant planning for the development.
Of the 190 new homes, 67 affordable houses will be delivered at the scheme, which will provide a biodiversity net gain of more than 100%.
Joe Flaherty, from Beaufort Capital, said: “We are delighted to have completed this facility – supporting the provision of much needed family housing in the St Albans area. St Albans is a well-established and highly-desirable city, with excellent local amenities and fast connections for commuters to London.”
