Assetz Capital has completed a £2.73 million development finance facility to support a first-time developer with the ground-up construction of two four-bedroom detached houses in Knutsford, Cheshire.
The specialist property lender provided the 18-month facility at 70% loan-to-gross development value (LTGDV), according to Assetz Capital.
"Supporting first-time developers is an important part of what we do, providing the finance needed to support more developers in making their first step, while increasing the overall supply to the market to boost housebuilding," said Jake Hiskett, new business director at Assetz Capital.
"Providing this development finance facility to help bring this scheme forward in Knutsford provides the developer with a strong funding platform to deliver their first project, bringing high-quality family homes to this well-sought-after location."
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