Bespoke finance for a new residential development in Brighton

The Challenge

Founded in 2008, Martin Homes specialises in new build and conversion developments within the prime locations of London, Sussex, Surrey and Kent. With Brighton benefitting from the major city exodus caused by the COVID-19 pandemic, as well as the stamp duty holiday, with buyer demand up 45% in 2020 compared to 2019, the developer was in need of a fast, flexible finance to help them capitalise on this growth opportunity. 

 

Opportunity & Outcomes

As a result of our expertise in financing residential development across the South East of England, we were able to move quickly and provide Martin Homes with a £2.7M investment facility for its new residential development on Buckingham Road in Brighton. The five-storey Victorian conversion, named the Heritage Collection, consists of 14 one, two and three-bedroom apartments, with the lower ground floor apartments all benefitting from their own private patio gardens. David Martin, Managing Director of Martin Homes, commented on the transaction, saying, “the team at OakNorth Bank were supportive partners who understand the market and are willing to go the extra mile to offer a great experience.”

 

 

 

 

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