A short-term bridge facility of £757,062 was provided to support the acquisition of four affordable housing units in Market Harborough, Leicestershire. The properties comprised of two three-bedroom semi-detached houses and two four-bedroom semi-detached houses. Security for the loan was secured through a first legal charge over the units together with a corporate debenture. Affordability assessments confirmed sufficient income to meet ongoing commitments during the term.
The homes are part of a larger development of 34 properties being delivered in phases through to 2027. The four units acquired under this facility were scheduled for completion in August. Situated in Market Harborough, a vibrant market town with strong retail, leisure, and residential demand, the assets offer long-term value as part of a growing and sustainable community.
The lending rationale was based on experienced management, strong sector focus, and the quality of the underlying security. With demand for affordable homes consistently outstripping supply, the assets represent both a stable investment and an opportunity to support community housing needs.
The exit strategy is to refinance the units with a commercial lender once the acquisition has completed, with a secondary option of disposal to affordable housing investors or housing associations.
This transaction illustrates the role of bridge finance in enabling the delivery of affordable housing. By funding the acquisition of these four family homes, the loan directly contributes to tackling the UK’s ongoing shortage of affordable homes. Beyond providing a secure and well-structured lending opportunity, it supports the creation of sustainable, inclusive communities and delivers measurable social value alongside financial return.
