INTELLIGENT PROPERTY FINANCE
In March 2024, Imperial Blue, a prominent development finance lender, extended a senior development loan of £2.53 million to support the construction of 10 residential units in Hebden Bridge, Yorkshire. This financial assistance comes with an 18-month term, aiming for practical completion within the first 12 months. The site had already been acquired, with groundworks already underway.
The primary purpose of this loan was to partially repay an existing financial arrangement and subsequently cover 100% of the remaining construction expenses. The property in question enjoys a perfect location within an idyllic Yorkshire town, offering convenient commuting access to Leeds and Manchester. This makes it an attractive option for commuters working in Yorkshire seeking housing solutions.
Imperial Blue are principal lenders of real estate development finance. For all new enquiries please call 020 3008 2553
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The asset is currently a car park with works completed, piling and capping carried out. The Property has the benefit of planning permission for the development of 10 town houses in the centre of Hebden Bridge, near Halifax comprising 5 x 3 bedroom homes and 5 x 4 bedroom homes and 9 car parking spaces. As part of the planning conditions, a bicycle store design is required to be approved prior to occupation of the first 5 houses, and there are other ecological and biodiversity requirements.
The houses will provide an area of 12,266 sq ft (1,139.5 sq m).
Hebden Bridge is situated in the Upper Calder Valley, in the Metropolitan Borough of Calderdale, West Yorkshire, England. It is a market town located within the Pennines, in Northern England. While Hebden Bridge is not officially designated as a city, it serves as a significant urban centre within the region.
LEADING THE FIELD
``We are very pleased to have completed our first loan with one of the UK's largest and most successful contractor developers. They have completed 1000s of units over the past few years and we look forward to building a long term relationship with them.``
James Harries – Director, Imperial Blue
IMPERIAL BLUE
Funding the finest of England's real estate developers with market leading products for market leading projects
