The first houses are forecast to complete in Q2 2022.
The mezzanine facility, combined with a senior debt loan provided by an undisclosed lender, totalled approximately £15m, and was agreed on a 24-month term.
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“It was very pleasing to get a second transaction over the line for Burrington Estates so soon after the first,” commented Mark Quigley, managing director at Beaufort.
“We pride ourselves in doing multiple deals for our clients and we look forward to doing further business with the Burrington team in the months and years ahead.”
Mark Edworthy, managing director at Burrington Estates, said he was delighted to have completed the transaction with Beaufort, adding that the Binfield development was the company’s most exciting new homes project to date.