West One Loans has partnered with ME Developments, an experienced Farnham based venture capital group with expertise in property development, for a £5.5m development finance facility.
The facility is funding the construction of five, high specification, five-bedroom homes with each home covering 3,600 square feet in a highly desirable area of leafy Hampshire.
Simon Marshall, chief executive of ME Developments, said: “We’re delighted to team up with West One Loans who we have worked closely with in the past and have proven to be a responsive and flexible finance partner. Like all ME projects, this will deliver high quality property in a beautiful location”
Stephen Wasserman, managing director, West One Loans, added: “This is a great opportunity to support an experienced developer in funding an impressive scheme which is sympathetic to its semi-rural surroundings.
“We’ve worked with ME Developments on previous projects and they always deliver an extremely good product.”
With a target gross development value of over £9.5m, this project will offer great value to the area at a competitive cost per square foot. The construction is expected to take approximately 9 months, with sales to follow shortly afterwards.