Pluto Finance completes fourth development loan for Stonegate Homes
Pluto Finance has completed its fourth development loan to repeat borrower Stonegate Homes.
The £8.7m stretched senior development loan will fund a new 49 unit residential scheme in Gerrards Cross for Stonegate Homes, a leading developer active throughout Greater London and South East England. This follows another £21.0m Stretched Senior Development Loan to the borrower last year on a 99 unit scheme in Godalming, Surrey.
Greg Dunne, lending director at Pluto Finance, says: “We are delighted to be providing our fourth loan to Stonegate Homes. This again highlights the focus Pluto puts on repeat business with our clients, recognising the excellent customer service, pricing and flexibility that we offer. As a one-stop shop for property lending, we are able to provide senior, stretched senior and bridging loans to our borrowers – offering a solution for any property financing requirements.”
Jerry Hinds the founder of Stonegate Homes comments “We are delighted to have recently completed our fourth loan with Pluto Finance. It is a relationship that is continuing to grow and we look forward to working with them on more schemes in the future.”
