Hodge funds new development in Cheltenham for two luxury family homes
Supporting established local developer, Hodge has funded the development of two detached houses close to the famous Cheltenham race course.
In a recent deal, Hodge has supported Cape Homes – a renowned local developer – to develop two luxury family homes, a stone’s throw away from the famous Cheltenham race course.
Working with Capital Law, Knight Frank, and MDA Consulting on the project, Hodge has provided £1.2m funding to support the build of the two detached houses in this sought-after residential location just outside of Cheltenham town centre.
With construction expected to complete in autumn in 2021, the houses will be on the market and ready to buy. Cape Homes has designed the properties with families in mind.
Speaking about the deal, Greg Pescott, Senior Development Finance Manager, said,
‘It’s fantastic to work with SME property developers across the UK to support high quality developments like these two luxury homes. At Hodge, we take real pride in working with experienced, local developers like Cape Homes. This is a great project to be a part of – and we wish Cape Homes all the best with the development, and are looking forward to seeing the end result.’
If you’re interested in finding out more about how Hodge could support your development ambitions, take a look at our development finance section.