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30 completed new homes enter market in Forest Town

Posted onPosted on 10th Jul

Specialist development finance lender Atelier has provided a new finance facility to Stancliffe Homes to support the sale of 30 completed houses in Forest Town on a development that was halted last year after developer Sherwood Oak Homes went into administration.

The £5.75m loan facility will assist with the purchase of the site, off Clipstone Road East; provide a multi-draw element towards specification enhancements that are required; and will support the sales of the units on the open market.

Matt Measures, lending manager at Atelier, said: “We are pleased to collaborate with Stancliffe Homes once again to deliver these outstanding, high-spec homes to the market in Nottinghamshire.”

Sam Jones, of Stancliffe Homes, added: “We’re delighted that the team at Atelier has chosen to support the delivery of these new homes in Nottinghamshire. This represents the second scheme we have worked on together and we look forward to strengthening our partnership with further deals in the future.”