Auxesia Homes has secured a £25m social loan with HSBC UK to support its plans to deliver 1,300 new homes by 2030.
The three-year loan will help refinance £10m of existing debt and provide funds for future growth.
Claire Donnelly, interim CEO at Auxesia Homes, said: “Auxesia Homes is in an incredibly strong position having successfully delivered hundreds of quality homes through its, ‘for-profit’, financial model.
“Having carefully developed and honed this model, we want to continue to scale up, both in terms of geography and volume.
“With this funding support through HSBC UK, we are able to realise our ambitions that sets us on the path to deliver an additional 1,300 homes by 2030.”
All new homes delivered by Auxesia will be new-build, with a mix of one to four-bed houses and apartments.
Auxesia plans to work with both small and medium-sized enterprise (SME) and larger housebuilders to deliver these properties.
Donnelly added: “We currently have some 300 homes in the immediate pipeline and there are several incredibly exciting developments ahead.
“We have developed some fantastic relationships and built close networks, not only with the professional sector, including high street lenders, but with trusted housebuilders and developers.
“We will continue to strengthen and expand these networks as we grow in line with our ambitions.”
Phil Martin, interim chief finance officer at Auxesia Homes, said: “Auxesia was looking to identify a financial partner who could work with us as we continue to scale and pursue new opportunities across our portfolio.
“Our partnership with HSBC UK allows us to balance expansion with financial discipline.
“Their deep sector expertise and forward-thinking hedge product provide us with the flexibility to invest confidently while mitigating exposure to market volatility.”
Graham Fleming, real estate finance relationship director at HSBC UK, said: “With demand for affordable housing continuing to rise, it’s essential that innovative providers like Auxesia Homes have access to flexible, purpose-driven funding.
“At HSBC UK, we’re committed to supporting the housing sector with financial solutions that foster growth and long-term resilience.
“Auxesia’s ambitious plans and proven model align closely with our values, and we’re proud to support their expansion as they deliver meaningful social impact across the UK.”
Auxesia Homes worked with Centrus Advisors and Anthony Collins Solicitors to complete the deal.
Scott Douglas, senior director and head of debt advisory at Centrus Advisors, said: “We’re delighted to have supported Auxesia in securing this refinancing with HSBC, who will be a strong funding partner to support the delivery of Auxesia’s growing pipeline of new affordable homes over the coming years.
“Centrus has advised Auxesia on financing since 2021 and it is great to see Auxesia continuing to grow from strength to strength while continuing to put residents and their responsibilities as a social landlord at the heart of the business.”
