Pluto Finance has successfully closed a £2.7m development loan to support Montum’s new commercial development project in Crowborough, East Sussex.
Montum, a property development and investment company based in Wimbledon, focuses on urban renewal within city centres and has a significant portfolio in and around London.
The funded site is located in Crowborough’s town centre and involves the regeneration of a brownfield site, which is crucial for sustainable urban development.
The site has planning consent for new retail outlets, already pre-let to retailers such as Pets Corner and Screwfix.
Pluto Finance has previously collaborated with Montum and is excited to support this project.
This partnership underscores Pluto’s commitment to community development, with the scheme expected to create numerous new jobs and bring significant benefits to the local market.
Simon Chapman, lending director at Pluto Finance, said: “I’m exceptionally pleased to assist with delivering this scheme to the local community.
“At Pluto Finance, we are continually partnering with developers that positively impact the local market, and we firmly believe that this latest development will bring substantial benefits to Crowborough.”
Charles Thompson, co-founder of Montum, added: “It was great working with Simon and the Pluto Finance team.”
