- 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…