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Funding boost for Braunton scheme

Source: https://www.insidermedia.com/

A £360,000 pre-development bridging loan from funds advised by Hilltop Credit Partners is helping bring forward a greenfield residential development in the village of Braunton, North Devon.The facility will be used to refinance the development site and is expected to be followed by a £3.5m loan for a 20-month phased development of 11 private and 12 affordable residential units.The private timber-framed units will offer outdoor space, on-site parking and sviews of the Taw estuary through “reversed design,” which places the open-plan kitchen/living rooms on the top floor.The project has been sponsored by Green Favero Velator, which comprises investment bankers, developers and architects with a 30-year track record of bringing forward projects across London and Devon.