The deals are worth a total of £10 million
Investment manager Downing LLP has completed several property development and bridging loans totalling almost £10 million.
The deals funded multiple acquisitions and development projects.
The transactions included a £5.3 million bridging loan for a new client, who used it in the acquisition of a site in Poole in east Dorset for a 32-flat development.
Deals also included a £2 million development loan for a repeat client developing detached housing and undertaking refurbishment work for existing properties in Hampshire.
Downing said these examples of funding support reflected the team’s continued commitment to helping smaller-scale developers access the finance they need to deliver a diverse range of housing and property developments.
