Atelier completes £7m loan for 10 new homes in Royal Tunbridge Wells

By Bridging Loan Directory 23rd July 2025

Development finance lender Atelier has completed a £7m development loan, structured at 70% LTGDV, to fund the conversion of curtilage listed buildings into six dwellings, coupled with the construction of four new dwellings.

The loan completion comes two years after Atelier’s provision of a bridging loan to part-fund the purchase of the sites for development, demonstrating the specialist lender’s continued commitment to supporting developers through the full development life cycle.

Bridging-to-development loan structures are very effective in enabling developers to secure high quality sites.

A bridge facility enables fast acquisition, followed by a tailored development loan once conditions are in place.

The new homes will comprise a mix of properties in an attractive rural setting within the High Weald Area of Outstanding Natural Beauty.

Housebuilding targets in Royal Tunbridge Wells have been increased by 66% under the Government, the highest in Kent.

The town saw the highest house price growth over the last year anywhere in the county, rising by 8.1 per cent or £35,835, and is frequently voted the best place to live in Kent.

Paul Hayward, Credit Director at Atelier, commented:

“It has been a pleasure working with our client over the past two years, initially to provide a bridging facility that enabled the site acquisition, and now to provide development finance for this high-calibre scheme.

With curtilage listed buildings and new-build homes across two sites, the project presents a range of technical and planning complexities.

We’ve worked closely with the borrower to structure a funding facility that addresses those challenges, and we look forward to seeing the finished development in this sought-after and popular location.”