Finance provider Assetz Capital has partnered with Healdan, a property development and construction business, for a barn conversion project in Millbrook, Bedfordshire.
The project will see six agricultural barns transformed into homes.
The deal includes a £3,150,000 loan from Assetz Capital to Healdan, led by experienced developer Anne-Marie Lobo. The 12-month loan has a loan-to-gross development value (LTGDV) of 65%.
Healdan, which has a history of delivering quality residential projects, plans to convert the barns into modern homes.
Andrew Fraser, CCO of Assetz Capital, said: “This collaboration with Healdan supports our commitment to SME housebuilders and their work on unique properties. We look forward to the successful completion of this project.”
Ricky Humphreys, Relationship Director at Assetz Capital, added: “Facilitating financing for this project aligns with our mission. We’re confident in Anne-Marie Lobo’s ability to deliver excellent homes.”
Anne-Marie Lobo said: “Assetz Capital has been supportive of the project and offered competitive financing terms. We look forward to working with them on future projects.”
