Hodge funds development of six new build houses in coastal town of Weymouth

Working with experienced developer Athelstone Holdings, Hodge has completed on a loan facility to fund the development of six three-bedroom semi-detached houses in the coastal town of Weymouth, South Dorset.

The site, which is classed as brownfield development land, was home to a large, derelict four-bedroom house, which has been vacant for many years. The project will demolish the existing property to make way for six new, high-spec homes.

These will bring regeneration to the area, offering families and young professionals the opportunity to live in spacious semi-detached properties, with open-plan living and en-suite bathrooms, as well as benefiting from a sizeable rear garden and carparking.

Speaking about the development, Athelstone director, Joshua Eiles-Clarke, said: "We’re pleased to have secured funding from Hodge to allow us to breathe new life into this site, offering some much-needed new homes for people in the local area."

Greg Pescott, senior development finance manager, said: "It’s great to be involved in this project providing quality housing and supporting regional housebuilding with experienced developers like Athelstone Holdings."

To find out more about our development finance loan and how the team could support you, take a look at our criteria and details.