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Tuesday, October 4, 2022

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Hilltop Credit Partners completes £4.6 million bridge loan for 388-unit newbuild residential development in Leeds

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  • Funds advised by Hilltop Credit Partners have provided a bridge loan facility of £4.6m to Pascoe Homes
  • Funds will be used to acquire a brownfield development site with planning permission for 388 private residential apartments in the Victoria Riverside area of Leeds
  • This “bridge-to-development” facility will be the second development delivered by Pascoe Homes in partnership with Hilltop and will be followed by a c. £60m development loan facility in Q4 2022

London, 31 August, 2022: Funds advised by Hilltop Credit Partners, a real estate credit investment manager, have completed for a £4.6 million bridge loan facility for the acquisition of a brownfield development site to Pascoe Homes, a developer of affordable, modern and eco-friendly homes.

With planning permission for 388 private residential apartments across four blocks in the Victoria Riverside development area of Leeds, 60% of the development’s units are expected…

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