Bruckland Developments secures £7.5m facility for West London housing scheme

Bruckland Developments, a residential property developer specialising in high-quality housing schemes, has secured a £7.5m loan from Secure Trust Bank (STB) Real Estate Finance to construct nine, four-bedroom homes in Hanwell, West London.

The residential development facility, provided at 65% loan to gross development value (LTGDV) and 80% loan to cost (LTC), will support the delivery of nine four-bedroom houses over the next 34 months.

Located at Golden Manor, Hanwell the development (Golden Manor Mews) will see the transformation of an existing site that currently comprises a large house, previously converted into flats, and a bungalow set to be demolished as part of the works.

Once complete, the scheme will deliver a collection of high-quality family homes, continuing the borrower’s track record of delivering well-designed residential developments across its portfolio.

This latest loan marks the fourth deal completed between Bruckland and STB since the relationship began in 2019, reflecting a strong and established partnership built on trust and a shared understanding of the developer’s vision.

The scheme is expected to complete within 18-months.

Joe Bruckland, managing director at Bruckland Developments, said:

“We’re pleased to be working with Secure Trust Bank once again on this latest scheme.

The team has consistently shown a thorough understanding of our business and the way we approach development.

Having a lender that we trust is incredibly important, particularly when delivering schemes of this nature. STB’s expertise and track record in supporting our projects continue to give us confidence as we move forward with Golden Manor Mews.”

Richard Lynn, senior relationship director at STB Real Estate Finance, led the deal, with support from James Reeves, relationship manager.

Richard said:

“We are delighted to support Bruckland Developments on this latest project.

Joe and his team have a clear passion for delivering high-quality residential schemes, and Golden Manor Mews is another strong example of that.”

James added:

“It’s been a pleasure working with Joe and his team in the past and I look forward to seeing another development through to completion.

The scheme at Golden Manor represents a well-considered development in a strong location, and we are pleased to play a role in bringing it forward.”

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