en.Wedoany.com Reported - Atelier has provided £12.5 million in development financing to support the construction of 37 homes in Matlock, Derbyshire, comprising 26 private homes and 11 affordable housing units.

The 24-month loan will fund the construction of three-, four-, and five-bedroom detached houses and bungalows, all with private gardens and parking spaces. The project is located in the Peak District, offering views of the surrounding landscape.

This financing marks the fourth transaction between Atelier and housebuilder Stancliffe Homes. The financing package includes a "day-one advance" to facilitate land acquisition before construction begins.

Rav Kudhail, Director of Lending at Atelier, stated that the company has partnered with Stancliffe Homes to fund four projects. This transaction includes a substantial day-one advance for land purchase prior to the construction of 37 new homes, reflecting a commitment to providing flexible, tailored financing solutions for experienced developers.

Sam Jones, Director of Stancliffe Homes, noted that this is the fourth financing agreement signed between the two parties, and Atelier has become a trusted "go-to" financing partner, with its professional, responsive, and pragmatic approach ensuring smooth collaboration.

This project increases regional housing supply in Derbyshire's mature housing market. The initiative follows recent activity in the real estate sector, after former directors of Knight Frank established a Midlands consultancy serving the regional property market.

The financing structure reflects ongoing demand for development capital in the regional market, as developers continue to launch projects combining private homes and affordable housing. This transaction demonstrates that lenders remain interested in funding experienced housebuilders with strong track records in their target markets.

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