Market Leads & Opportunities
Elevate secures funding for Gun Quarter scheme
Elevate Property Group has secured funding worth £22m to support a residential development of almost 100 homes in Birmingham’s Gun Quarter.Pluto Finance has completed its third loan with Elevate Property Group, providing development finance for 85 units.This loan follows Pluto’s previous funding for Elevate’s £55m 219-unit scheme in Ashford, Kent.Greg Dunne, Pluto Finance’s lending director, said: “We are delighted to be backing this exciting project and working again with the highly regarded Elevate team as we expand our lending beyond the South East.”Steve Dodd, founder of Elevate Property Group, added that the company’s relationship with Pluto “is continuing to grow, and we look forward to working with them on more schemes in the future.”
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