Investment manager Downing LLP is pleased to announce the completion of several property development and bridging loans in March 2022. The new deals totalled almost £10 million and funded multiple acquisitions and development projects.
The transactions included a c.£5.3 million bridging loan for a new client. The loan will assist in the acquisition of a site in Poole, in east Dorset, for a 32-flat development.
Deals also included a c.£2 million development loan for a repeat client developing detached housing and undertaking refurbishment work for existing properties in Hampshire.
These latest examples of funding support from Downing LLP reflect the team’s continued commitment to helping smaller-scale developers access the finance they need to deliver a diverse range of housing and property developments.