Leicester housebuilder lands £50m bank deal
Social and affordable housing provider Stonewater has agreed a new £50m bank loan facility to support its housing development programme.
Stonewater, which has an office in Leicester, plans to deliver a mix of 5,000 affordable new homes for shared ownership and rent across England by 2027.
The company has been backed by a five-year revolving credit facility from Lloyds Bank Commercial Banking.
John Bruton, Stonewater’s group finance director, said: “As an organisation that is currently primarily funded through the capital marke... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
