Specialist development finance lender BLEND has provided a £2.7m senior debt facility to fund the development of five new-build houses in Horsham, West Sussex.
The senior debt facility was structured as a joint venture between the landowner and Bruckland Developments.
Bruckland Developments specialises in building bespoke homes to exceptional standards across the South East.
This is one of several recent examples where BLEND has funded residential development schemes that required tailored funding solutions either due to complexity of the project, equity contribution, or other factors requiring a specialist lending approach.
David Alcock MRICS, MD at BLEND, said: “We are delighted to have completed this facility with Joe and the team. Having seen Bruckland Developments other completed projects and their attention to detail I can’t wait to see this scheme take shape in Horsham.”
Joe Bruckand, director at Bruckland Developments, said: “I have known David for over a year now and been to various events where David has been there, and we have always got on well.
“We have discussed a few deals together and it’s been great to finally get one over the line! David is a decent guy, easily contactable and hopefully the first of many deals we will do together.”
