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£3m funding boost for Cheshire housing scheme

Source: www.insidermedia.com

CapitalStackers has secured almost £3m of funding for a housing scheme near Cheshire’s border with North Wales.The peer-to-peer property lending specialist has completed the draw-down of £1.36m for the development of eight homes in the village of Malpas. It has also negotiated £1.58m of senior funding from a major high-street bank on behalf of developer Orchard House.The gross development value of the scheme is £5.1m.