Funds advised by Hilltop Credit Partners have completed a €15.3m loan to Mitchian Alliance Limited for the development of 83 private residential units in Market Harborough, Leicestershire.
The project will deliver 83 units across three blocks ranging from four to five stories and comprised of 47 one-bed flats and 36 two-bed flats. The development is a ten-minute walk from the town centre, which features a vibrant high street, with boutique shopping and local restaurants. The train station is a 5-minute walk and offers commuters easy access to London (c. 1 hour) and Leicester (c. 15 minutes). The development will also feature 36 dedicated parking spaces.
Phillip Mitchell, Managing Director of Mitchian Alliance Limited, commented: “It was a pleasure to work with Hilltop on our third transaction together. Hilltop understands the complexities of development finance and knows what it takes not only to close a transaction but to continue to support it throughout its lifecycle. We are excited to be launching our Welland Quarter development in the beautiful market town of Market Harborough and expect to see very strong demand for the units.”
Tiger Craft, President and COO at Hilltop Credit Partners commented: “Phil and his team have unparalleled knowledge of the Leicestershire residential market and have demonstrated the rare ability to not only find attractive sites but also to build and sell units on time and on budget. It is a privilege to be able to continue to support the growth of Mitchian Group.”
Image credit: Hilltop Credit Partners.
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