Sustainable investment manager Downing LLP has completed £11.1m worth of development loans within the last month.
Its latest deals include residential developments in Wakefield, West Yorkshire; East Studdal in Kent; Hitchin in Hertfordshire; and Gerrards Cross in Buckinghamshire with new and existing clients.
The developments will each deliver between two and twelve family homes targeted at owner occupiers.
Parik Chandra, partner and head of specialist lending at Downing LLP, said: “The latest deals highlight our ability to continue growing the portfolio in very tough macro conditions and a competitive market.
“We remain committed to supporting SME developers in the face of challenging conditions.”
This success is evident, as Downing’s property finance team recently passed the significant £300 million milestone for commitments, despite economic instability.
The company states that it remains focused on deploying investors’ funds as secured loans to property developers delivering residential-led schemes nationwide, as well as non-speculative commercial developments, and specialist sub-sectors such as student accommodation.
Moreover, its team believes investors can benefit from debt investment secured against property development projects by targeting attractive yield through a “safety-first” lens, focusing on relationship-based sourcing, and working with experienced counterparties.
