LDS accelerates £6m development by The PG Group

£5,380,000
GDV
18
Open Market Apartments
£ 418,000
Cash Deposit Released
Weston-super-Mare
Location
Shawbrook Bank
Lender

LDS has joined forces with Shawbrook Bank and The PG Group to drive forward the construction of 18 new-build apartments in Weston-Super-Mare.

As part of this 85% LTC deal, LDS provided The PG Group with over £400,000 of funding to complete the scheme.

01

Developer 

Speaking on behalf of the developer, Stuart Gaiger, Shareholder Director of The PG Group, said: “We’re delighted to conclude this first transaction with LDS. Not only will this speed up the completion of this project, but it also supports us bringing forward our wider pipeline of homes throughout the Southwest.”

02

Lender 

John Hughes, Senior Relationship Director at Shawbrook, said: “It’s fantastic to be working with both The PG Group and LDS on this project.

“The development brings much needed quality housing to Weston and the support from LDS will assist in bringing this to fruition.”

03

LDS

Alex Maltby, Origination Director at LDS, commented: “LDS has the appetite to support quality partners in all market conditions.

“It was a pleasure to collaborate with Shawbrook and The PG Group on this bespoke funding structure.

We’re excited to be part of this development, and to be facilitating the delivery of more homes by The PG Group.”

Apply for an
Instant Sales Guarantee

It typically only takes around two minutes to complete our application process.

0333 006 7799

Working in partnership with leading development finance lenders, including: