Bridging
West One Loans partners with ME Developments for £5.5m facility
West One Loans has partnered with ME Developments for a £5.5m development finance facility.
The facility is funding the construction of five – high specification, five bedroom homes, each home will cover 3,600 square feet in Hampshire.
The specialist lender said that the construction is expected to take approximately nine months, with sales to follow shortly afterwards.
Simon Marshall, CEO of ME Developments, said that its team is delighted to team up with West One Loans.
He added: “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”
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Stephen Wasserman, managing director of West One Loans (pictured), said that this is a great opportunity to support an experienced developer in funding an impressive scheme which is sympathetic to its semi-rural surroundings.