Zorin Finance, the alternative property lending specialist, can announce the completion of a new £6m development loan in Hindhead, Surrey. The team at Rural Executive Homes Limited are experienced developers with over 35 years of experience in both residential construction and development. This is the first transaction between Rural Executive Homes Limited and Zorin, and we look forward to continuing this new relationship in the near future.
Zorin’s 21-month loan will finance the purchase and demolition of the existing property, and the subsequent development of six detached family homes consisting of 5 five-beds and 1 four-bed. Rural Executive Homes specialise in boutique high specification developments, and each unit in this scheme will benefit from being situated in a private gated development, having large landscaped private gardens, and integral garages with further block paved driveways. The interior of the units will be finished to a high standard in a soft neutral colour scheme, include quality integrated kitchen appliances and a master suite with a dressing room and ensuite bathroom. These amenities will particularly attract families looking to move out of Central London in search of increased space and value for money.
Rural Executive Homes Limited will be undertaking the development on a construction management basis. They will use the inhouse expertise of Natta Building Company to deliver the scheme to a high standard that is not only in line with their previous developments, but also the demands of the target market.
The development will be located only a short 7-minute walk from the affluent and desirable village environment of Hindhead. Residents will be able to enjoy its well-known protected countryside spots, including the Devil’s Punch Bowl and Hindhead Commons. The development is also close to the larger towns of Farnham and Haslemere, which provides a wider range of shops, cafes and restaurants. Other facilities in the area include golf at Liphook and Hindhead, racing at Goodwood, polo at Cowdray Park and theatres in both Chichester and Guildford.
Hindhead has five schools, including two ‘Excellent’ rated independent schools, which is appealing to prospective families. There are transport links to the surrounding area with a regular bus service through the village, and a service from Haslemere Train Station into London Waterloo with a journey time of 50 minutes.
Tim Phillips, Lending Director at Zorin Finance said:
“Working with the team at Natta Homes has been a delight, and I look forward to seeing this development of six very desirable family homes progress over the coming months.”
Claire Brooks-McGoldrick, Sales Director at Natta Homes said:
“Working with Tim and Zorin Finance was a smooth and very straight forward process. They understood our requirements and structured the loan to meet our needs. We received a credit decision very quickly.”