Funds advised by Hilltop Credit Partners have completed a £13.1m loan to Mitchian Welland to fund the development of 83 private residential units in Market Harborough, Leicestershire.
The development will comprise 47 one-bed flats and 36 two-bed flats across three blocks ranging from four to five storeys.
Philip Mitchell, managing director of Mitchian Group, said: “It was a pleasure to work with Hilltop on our third transaction together. Hilltop understand the complexities of development finance and know what it takes not only to close a transaction, but to continue to support it throughout its lifecycle. We are excited to be launching our Welland Quarter development in the beautiful market town of Market Harborough and expect to see very strong demand for the units.”
Tiger Craft, president and COO at Hilltop Credit Partners, added: “Phil and his team have unparalleled knowledge of the Leicestershire residential market and have demonstrated the rare ability to not only find attractive sites but also to build and sell units on time and on budget. It is a privilege to be able to continue to support the growth of Mitchian Group.”
