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Hilltop Credit Partners completes £11.2m loan for redevelopment of Grade II listed hotel in Torquay, Devon

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  • Funds advised by Hilltop Credit Partners Limited (“Hilltop”) have provided a development finance facility of £11.2m to Ascena Developments
  • The funds will be used to refinance existing loans and to redevelop the Bishop’s Court hotel into 15 houses and 5 flats overlooking Torbay
  • The South West has experienced the UK’s highest monthly house price increases amid the Covid-related paradigm shift in the residential market
  • To date Hilltop has provided approximately £71.2m in lending commitments to SME developers to fund the construction of 296 residential units across England

London, 1 April 2021: Funds advised by Hilltop Credit Partners, a specialist funding partner for SME residential developers, have completed an £11.2m loan to Ascena Developments for the redevelopment of the historic, Grade II listed Bishop’s Court hotel in Torquay, Devon.

The project will deliver 15 high-specification houses and 5 flats within a…

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