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Birmingham Post
Birmingham Post
Business
Andrew Arthur

Somerset housing project gets multi-million pound boost

Somerset Minehead

A £9.05m housing project in Somerset which will provide 69 new homes has received a boost after the developer secured a multi-million pound loan.

Specialist property development lender CrowdProperty has said it has agreed a £5.7m finance package for the project situated off Hopcott Road to the south of Minehead.

Agreed over an 18-month term, the funds will enable the developer to construct around 60,000 sq ft of accommodation on the five-acre site, comprising a mix of flats, terraced, semi-detached and detached homes.

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