Hodge provides £2.2m development loan to Fairview Homes Property Ltd

In a recent deal, Hodge has agreed to fund the development of seven new homes with experienced developer Fairview Homes Property Ltd, providing a loan of over £2 million.

Fairview Homes are building seven large, detached homes on a 1.5 acre site on the outskirts of Hereford in a village called Cobhall Common. The properties will be a mix of four and three bedroom houses, each with ample car parking, garages, and landscaped gardens.

This greenfield development provides access to both the city of Hereford and Abergavenny, meaning home owners can benefit from the redevelopment that’s taken place in recent years, with a good shopping centre, local artisan markets, and a range of independent restaurants and bars.

Speaking about the development, John Parker from Fairview Homes Property Ltd, said: ‘We’re delighted to have a reliable, trusted funding partner like Hodge on board. We’re excited to see this development grow, and to offer several high-spec homes to a range of purchasers.”

Greg Pescott, senior development finance manager, said: “This is a fantastic project and we’re delighted to provide the funding to see more family housing being developed especially within the South West and Wales.  It’s always a pleasure working with the team at Fairview, and we hope to work together on future projects as their product is of the highest quality.”

For more information about our development finance loan and how we can support you, find out about our criteria and rates here.