INTELLIGENT PROPERTY FINANCE
In March 2024, Imperial Blue, a prominent development finance lender, extended a senior development loan of £10.56 million to support the construction of residential units in Milton Keynes. This financial assistance comes with an 18-month term, aiming for practical completion within the first 12 months, with the first phase finished by June 2024. The site had already been acquired, with strip out already underway.
The primary purpose of this loan was to repay an existing financial arrangement and subsequently cover 100% of the remaining construction expenses. The property in question enjoys a perfect location within Milton Keynes, offering convenient commuting access to London with the train station a short walk away This makes it an attractive option for commuters seeking affordable housing solutions.
Imperial Blue are principal lenders of real estate development finance. For all new enquiries please call 020 3008 2553
loan amount
Loan to Cost
Loan to GDV
GDV


The asset is currently existing offices over ground, first and second floors, that have been fully stripped out and development works commenced.
Location:
Milton Keynes is designated as a “new town” rather than a traditional city. It was planned and developed in the 1960s as a purpose-built urban area to alleviate housing congestion in London. Despite not having official city status, Milton Keynes is often referred to as a city due to its size, population, and urban infrastructure. It has a large population, extensive amenities, and functions as a significant urban centre within the United Kingdom.
Proximity to Major Cities:
Milton Keynes is located approximately 50 miles (80 km) northwest of London, making it within commutable distance for those working in the capital. It is also approximately 47 miles (76 km) southeast of Birmingham, a major city in the West Midlands.