Hodge announce changes to residential development products

Hodge has announced that it is making changes to its Residential Development loans to incorporate lending on the alternative residential asset class, including student accommodation and retirement living.

Related topics:  Finance
Property Reporter
25th March 2022
handshake

The change comes in response to demand from its clients and brokers seeking funding in this asset class. Having been more tightly focused on pure residential development during the past two years, Hodge is now seeking to expand its reach and fund experienced developers across multiple asset classes.

There’s an active residential market out there with plenty of experienced developers searching for funding for schemes that previously sat slightly outside of Hodge’s appetite. The new criteria update will address this.

Gareth Davies, Hodge’s head of development finance, said of the changes: “There is clearly demand for development funding in the alternative residential asset class and, given Hodge’s history and experience in this sector, it makes sense for us to expand our appetite across multiple asset classes.”

More like this
CLOSE
Subscribe
to our newsletter

Join a community of over 20,000 landlords and property specialists and keep up-to-date with industry news and upcoming events via our newsletter.