At Secure Trust Bank (STB) Real Estate Finance, some of our most rewarding transactions are the ones built on longstanding relationships, and our latest project with Bruckland Developments shows exactly that.
We recently provided a £7.5m residential development facility to support the construction of nine four-bedroom homes at Golden Manor Mews in Hanwell, West London. This marks our fourth deal completed with Bruckland since our relationship began in 2019.
The scheme itself will transform an existing site with a large house, previously converted into flats, alongside a bungalow set to be demolished as part of the works. Once complete, Golden Manor Mews will deliver high-quality family homes in a well-connected West London location.
For us, deals like this highlight the importance of understanding both the borrower's long-term vision and the realities of the development process. Over the years, we've worked closely with the borrower and the wider team, supporting projects that reflect a consistent focus on quality-led residential development and residential property investment.
Golden Manor Mews also demonstrates how tailored investment property loans can help experienced developers bring ambitious schemes forward.
Joe Bruckland, managing director at Bruckland Developments, said: "We're pleased to be working with Secure Trust Bank once again on this latest project. The team has consistently shown a thorough understanding of our business and the way we approach development.
"Having a lender that we trust is so important, especially when delivering schemes of this nature. STB's expertise and track record in supporting our projects continue to give us confidence as we move forward with Golden Manor Mews."
The 34-month facility was structured at 65% loan to gross development value (LTGDV) and 80% loan to cost (LTC), with the homes expected to be sold following completion.
The transaction was led by Richard Lynn, senior relationship director, with support from James Reeves, relationship manager.
Richard said: "We are delighted to support Bruckland Developments on this latest project. Joe and his team have a clear passion for delivering high-quality residential developments and Golden Manor Mews is another example of that."
Partnerships built on consistency and experience are important as ever to us. Supporting developers through repeat trades isn't about financing projects, it's about helping bring long-term ambitions to life.
For more information, please visit Residential Development Finance.