Zorin’s £15.7m development loan in Hindhead is nearing completion, with Phase one homes now launched and available to purchase from Q1 2025.
Phase one will include both three and four bedroom semi-detached houses and detached four bedroom houses. They will appeal to both local demands for lower maintenance new-build housing, and families relocating from more central areas of London looking to move into an affluent area but still profit from better value for money.
The borrower is continuing to deliver the scheme on a construction management basis, and Zorin is pleased to have funded a development that is both on time and in line with the high specification demanded by the local market- a credit to the partnership between borrower and funder.
Tim Phillips, Lending Director at Zorin Finance said:
“I am very excited by the launch of Phase one. The borrower is delivering a high quality scheme of much needed housing with an exceptional eye for detail. I am sure that these houses will be very well received by the market, and I look forward to the borrower’s continued success.”
Paul Jayes, Monitoring and Construction Manager at Zorin Finance adds:
“It has been great to see this development progress smoothly from demolition of the existing car dealership though to completion of the first phase. The construction team have worked really hard to make sure that the development is delivered in line with their programme and the final product is one of quality with great thought going into what will make the occupants living experience the best possible. Really looking forward to seeing the completion of the remaining phases of the development”