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Solihull

Second Charge Mezzanine

November 2020

Traditional Construction

£1,557,019

Impact Lending are pleased to reveal we have completed a Second Charge Mezzanine loan to an experienced developer, Macc Group, for the construction of an 80 bed care home in Solihull. 

Situated in the stunning  Blythe Valley Park, the surrounding grounds comprises an established mixed use business and leisure development. Outline planning permission has been granted to extend the park and, once complete, it will boast c. 3.2million sq. ft. of world class facilities, and executive housing totalling c. 750 homes, surrounded by a stunning 122 acre country parkland.   

Impact Lending provided a Second Charge facility of £1.18m from our Traditional Construction product range. Having contributed to the purchase and agreeing to provide  a percentage of the development drawdowns for the first 5 months, the senior lender will then facilitate the remainder of build costs until completion.

“ It has been a great pleasure working with all involved on this completion. Macc Group are exactly they type of forward thinking developer that we  have synergy with.This loan falls under our new Traditional Construction product range. Impact Lending are happy to support Traditional Construction developments, we recognise the history of our industry. However, it is part of companies culture to encourage all of our customers to consider building through Sustainable Construction methods on their future developments, and contribute to the Green Recovery Initiative” David Travers CEO

Impact Lending cover both Traditional Construction and Sustainable Construction (Modular) developments. We offer loans from 500k - 15m up to 75% LTV across all of our products.

For more information about this scheme, or to find out how we can help finance your project, please contact us.

We’re ready when you are.

Find out what you can borrow and how we can help get your development over the finish line. Explore our products.