Avamore completes heavy refurb for Southfields property at 66% LTGDV
Tue 22 Sep 2020
The two-bedroom mid-terrace house had permission to be refurbished into a four-bedroom property.
Development Finance
Magnet Capital adds Rachel Taylor as operations executive
Mon 21 Sep 2020
Magnet Capital has seen considerable growth since the property market reopened in May 2020, recording its best month since launching in 2018.
Pluto Finance completes £12m loan for Palmers Green mixed-use scheme
Tue 15 Sep 2020
The 0.64-acre site at One Fox Lane was acquired by Dominvs Group in September 2018.
Roma Finance launches development finance and commercial solutions
Tue 15 Sep 2020
The development finance product offers loans from £100,000 to £750,000 at an LTGDV of 60%.
Avamore completes £271,471 bridging loan in two days
Mon 14 Sep 2020
The transaction has a loan-to-value (LTV) of 64.6% and was issued for a 6-month term, after which it will be refinanced onto a pre-agreed development facility with Avamore Capital.
Paragon provides £5.9m funding to Stephens and Stephens Developers for Cornwall project
Mon 14 Sep 2020
The funding has enabled Stephens and Stephens to deliver the scheme under its own brand, as both the developer and main contractor.
L&G gives £5m to fund additional living facilities for elderly in Newcastle
Mon 14 Sep 2020
Legal & General’s £5m gift will be used in two distinct projects, the first of which will fund additional facilities for older residents at Newcastle Helix.
Aspen completes £1.5m development exit bridge on Hertfordshire new-builds
Mon 14 Sep 2020
The case was completed on the lender’s flat rate product at 0.89% across the 10-month terms.
£30m government funding to unlock land for new homes
Thu 10 Sep 2020
Cabinet Office Minister Lord Agnew has revealed that the government is boosting its Land Release Fund and the One Public Estate programme.
Homes England and Invest & Fund launch partnership to support small builders
Thu 10 Sep 2020
The collaboration will create a £25m revolving fund to allow Invest & Fund to support small builders.