Together provides £7m funding facility
Together has agreed a £7m funding facility for a development in the North West.
Together provided a £7m finance package for the project which has been valued at £15m once complete.
Housebuilders Harvey Homes Group are constructing 30 high-quality homes near Knutsford in Cheshire.
Ian Pickering, development funding lending director at Together, said: “This is a magnificent scheme with a choice of six styles of architect-designed homes in one of Cheshire’s most prestigious neighbourhoods and it’s great to see it starting to take shape.
“We agreed the funding because we were really impressed with the vision and expertise of Harvey Homes’ directors and excited about the potential for development.
“We saw Harvey Homes as an ideal investment partnership and were more than happy to provide the financial support they were looking for.”
The housebuilders struggled to find the quick funding required to start the project from mainstream banks.
Together agreed the funding package after visiting the four-acre site.
Tom Harvey Ratcliffe from Harvey Homes Group said: “It’s fantastic that Together has agreed to support us.
“Aside from the financial aspect, it’s particularly beneficial to have a lender on board which really understands the needs of developers like us and is willing to help turn our exciting vision into a reality.
“We’re looking forward to developing our burgeoning relationship by undertaking many more projects with them.”