Hodge funds development of 22 homes with regional housebuilder, Clayewater Homes
Hodge has recently completed a deal to fund 22 new build properties on a former brown-field site near historic market town in South West England.
Working with Clayewater Homes, a registered Help-to-Buy developer, Hodge has agreed to fund a development of 22 new build properties on a former brownfield site near Torrington, Devon. The homes will be directly opposite local amenities, such as a swimming pool and football club, as well as shops, supermarkets, banks, and several pubs.
Formerly a haulage yard with a workshop and storage sheds, the redeveloped site will offer a range of family homes, priced to suit first time buyers, young families, and those looking for the next step or to relocate to the country.
An experienced developer, Clayewater Homes also has its own timber frame manufacturing operation, which they use for all developments – including this one, which will see the development of family homes built with timber frames.
Speaking about the deal, Greg Prescott, Senior Development Finance Manager at Hodge, said, ‘It’s always a pleasure working with experienced housebuilders like Clayewater Homes – particularly when the homes being built will help first time buyers to get on the property ladder, and make use of brownfield sites in need of redevelopment. We’re looking forward to being involved in this project and watching the development progress.’
Brian Webber, of Clayewater Homes, said, ‘Hodge has been a great lending partner, really helping us to get this development off the ground. We have worked with Greg before, and always found him to be personable and easy to work with. We hope to continue working with Hodge in future.’
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