Carbon Assists Chadwell Heath Residential Project Securing £15m Development to Investment Loan in a Boost to UK Housebuilding

A refinancing project has been carried out for a residential property development in East London, facilitated by a customised £15 million development-to-investment loan from Secure Trust Bank (STB) Real Estate Finance (REF).

Located in Chadwell Heath, an increasingly popular area for new property development projects, the eight-story building is set to feature 55 high-quality residential units ranging from one to three bedrooms. This residential complex is expected to be especially attractive to small and growing families, offering proximity to a landscaped park and nature area.

In addition to the residential units, the apartment block includes a commercial unit and is slated for practical completion in January 2025. This ground-up initiative comes as positive news for the housing sector, addressing the ongoing demand for more housing in the UK, particularly in London where a shortage of affordable homes persists.

Stuart Bradney, Head of Investment Finance at Carbon Funding Consultants helped facilitate the five-year loan working alongside Matthew-Blaine Young, Head of Organisation at STB, Lawyers Dan Keys, of Clyde & Co, and Liz Roberts, of gunnercooke. A fantastic team effort as part of a longstanding relationship.

Stuart Bradney had the following to say: “We’re delighted to have sealed the deal with STB. Our established relationship with Matthew, and ultimately STB overall, was testament to completing the transaction in a timely fashion.

“A complex transaction like this requires the right team around it to achieve a successful outcome. As a result, STB’s previous experience in overcoming the challenges affiliated with property development investment, alongside the professional input of the deal’s lawyers and surveyors, was crucial to finalising the agreement.

“Conducting a weekly touch point meeting with Matthew and the team was pivotal to ensuring fluent and clear communication throughout the process. To us, STB is a trusted bank. We have been working with the real estate finance team and Matthew for five years now, and they have a tailored approach that really sets them apart from the competition.”

Matthew-Blaine Young, head of origination at Secure Trust Bank Real Estate Finance, said: “Having worked with Stuart and Carbon Funding Consultants in the past, it was clear that our partnership for this deal would be a productive and rewarding one. As specialists in residential property development finance and investment, we were adamant that we could provide a bespoke deal to befit the client’s needs. We are proud to have played a role in providing new housing at a time whereby it is most needed.”

An incredible team effort all round. Well done to all and we look forward to working with you soon.

About Carbon:

We arrange and, crucially, execute facilities across all asset classes. Your business benefits from our decades deep book of lending contacts, along with the exceptional structuring knowledge and, importantly, the tenacity and commitment to drive any deal across the line. Call the team on 01932 505 340 or email us at:info@carbonfc.com.