Working with experienced, family-run developer, AMP Construction & Groundworks Ltd, Hodge provided a development finance facility to fund the development of thirteen new two and three bed terraced and semi-detached houses in Llangefni, Anglesey.
The development is located within an established and popular town centre which sits within the heart of the Isle of Anglesey, served by a host of local amenities. Planners were keen to see an improvement in the local area as a result of the development, a gateway to the town, which the development has certainly delivered on.
Demand for the new properties has already been excellent with the development supporting home ownership on Anglesey, providing the opportunity for local families and first time buyers to acquire much needed and affordable new homes.
Greg Pescott, senior development finance manager at Hodge, said: “As a Wales based lender, Hodge always welcomes the opportunity to support development projects based here in Wales. AMP Construction & Groundworks Ltd is a very well established developer and contractor on the Isle of Anglesey, who has supported the communities of North Wales with housing projects for many years - it’s been a pleasure to work with them on this project.
“We’d like to thank Mark Morgan of FFP Solutions for the introduction and for the support throughout the due diligence process”
To find out more about our development finance facilities including stretch senior finance and our acquisition, sales and refurbishment bridge solutions, and how the team could support you, take a look at our criteria and details or contact us at DevelopmentFinance@Hodge.co.uk.