Hilltop Credit Partners completes £2m loan for residential development in Latton, Wiltshire

by | Nov 3, 2020

Funds advised by Hilltop Credit Partners have completed a £2m loan to Pars Developments to fund a private residential development in the Wiltshire village of Latton. The development sits on the edge of a National Nature Reserve and is a short drive from both the Cotswolds and Swindon.

The facility will be used to fund the site acquisition, development of four new detached houses, and refurbishment of an existing semi-detached house; the facility also includes a VAT bridge loan. The target audience for the development is families looking to upsize, including London-based buyers seeking more rural locations with work-from-home space, private gardens and access to countryside leisure activities.

Latest Rightmove data suggests that homes sales agreed nationally were up +70% y/y in September, reflecting a number of factors, including strong pent-up demand, the introduction of government stamp duty incentives, and emerging structural changes in the nation’s housing market. The regional house price statistics from Land Registry also show pricing for newbuild housing stock in Wiltshire +7.2% y/y.

The project has been sponsored by Pars Developments, who have decades of experience delivering high-quality, affordable family housing in the local Swindon / Wiltshire market.

Commenting on the partnership, Sepehr Izadpanah of Pars Developments said:

“We are excited to be partnering with Hilltop, who have worked hand-in-hand with us to get this project funded. We believe this niche development will be received well by the market, particularly given the trends that have emerged post-Covid.”

Paul Oberschneider, Founder and CEO at Hilltop commented:

“We are pleased to be working with Sep, Morri and their development team on this project. Pars has a long history of successfully developing affordably priced housing in their local market, and this development fits perfectly with the direction the post-Covid market is headed – an increased focus on indoor and outdoor space and an ability to work from home in a beautiful part of the country.”


Interesting article? Put our experience to work…

Traditional Development Finance Lenders vs Progressive Funding Partners? 5 Big Differences

In the 13 years since the global financial crisis, there’s been a dramatic change in property development finance. Where once banks acted...

Eco-friendly Development: Using Modular Construction and Tech to Reduce Carbon Footprint

Eco-friendly development is housebuilding’s trump card in meeting the 2008 Climate Change Act’s targeted 80% reduction in greenhouse...

Sustainable Residential Development – Ashford, Kent

With ever-increasing importance on the environmental and social credentials of construction, Hilltop’s lending focuses on affordable,...

Hilltop Credit Partners completes £11.2m loan for redevelopment of Grade II listed hotel in Torquay, Devon

Funds advised by Hilltop Credit Partners have completed an £11.2m loan to Ascena Developments for the redevelopment of the historic Grade...

Finance and available capital in an uncertain market

Paul Oberschneider gives a keynote interview for real estate media platform Bisnow's digital seminar "Finance and Available Capital in an...

Hilltop to deploy up to £300m to fund UK house building, following backing from Metropolitan Real Estate

Hilltop has secured investment from Metropolitan Real Estate, the global real estate multi-manager platform. As part of this, Hilltop will...

UK House Prices Snapshot

Official UK house prices for December 2020 were released by the Office for National Statistics (ONS) yesterday. The data shows prices...

As seen in...

Fintech Finance logo
Logo - CoStar
Logo - Business Leader
Logo - Development Finance Today
Logo - Real Estate Capital
Logo - CoStar
Logo - Business Leader
Logo - Development Finance Today
Logo - Real Estate Capital
Logo - CoStar
Logo - Business Leader
Logo - Development Finance Today
Logo - Bridging Loan Directory
Logo - Property Week
Logo - IPE Real Assets
Logo - Business Daily News

Register your interest here


Let’s talk! Get in touch on +44 (0) 203 903 6369 
or leave us a message below and we’ll get right back to you.

13 + 8 =

  • Share This