Finance

LEXI structures finance deal for Essex and Devon resi developments

By 2021-11-22T11:12:00

Housebuilding

Source: Gordon Ball LRPS/Shutterstock

LEXI Finance has structured three debt and equity deals, with a combined gross development value of £30m to support the construction of 43 homes across three separate developments in Essex and Devon.

The senior lenders involved were United Trust Bank and Paragon, both lending up to 65% loan to GDV. The remainder of the capital stack was provided via an equity injection from high-net-worth joint venture partners participating in a share of the profits.

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