Peritus and HTB team up to fund Cheshire housing development with £6.5m loan

Peritus Corporate Finance has arranged a £6.5m development facility with Hampshire Trust Bank (HTB) for a residential development in Cheshire by Eaton Homes.


The company approached Peritus to secure finance for the first phase of the scheme, which will include the infrastructure of the whole site (85 units) and the development of the initial 31 homes at The Old Market in Beeston, a short distance from Tarporley.

The £17.5m GDV project will offer a range of one-, two-, three-, four- and five-bedroom homes in various styles that promote modern living in the Cheshire countryside.

The £6.5m development loan was agreed on a 24-month term.

Lee Mainwaring, director at Eaton Homes, said: “We have built an excellent working relationship with Peritus and HTB and, during this transaction, they went above and beyond the call of duty in challenging market conditions to secure a facility for our Beeston scheme.”

Gordon Clements, consultant at Peritus, commented: “With lenders and borrowers now meeting online, and with systems and processes complicated by working from home, we are delighted to have sourced and completed this new facility for Eaton Homes.  

“Peritus continues to be active in the market, and our team of highly experienced property professionals are all working hard to ensure our clients receive a smooth and seamless transaction — no matter what the market conditions are.”

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