Experienced property developer Rockhold has secured a senior debt loan from Hampshire Trust Bank’s Property Finance team to fund a residential project in Roydon, Essex.
The development, which has a gross development value of circa £3m and is targeted at the local family market, will comprise of four four-bedroom detached houses. The properties will have private gardens to the rear and parking at the front for two cars.
John O’Donnell, Director of Property Finance at Hampshire Trust Bank, said: “I have known the team behind Rockhold for a number of years. They are a highly experienced team and we believe this development will be well received in the local market. We hope to work with Rockhold again in the near future.”
Michael Johnson, Director at Rockhold, said:
We are delighted to be working with Hampshire Trust Bank on our Roydon Development. It is important for us to work with a lender that we can trust, is flexible and can respond quickly on all transactions. John and his team offer a first class service.
Hampshire Trust Bank’s Property Finance division offers customised financing solutions to experienced property professionals across the UK, with the ideal facility ranging from £1m to £15m.