SGL7 Ltd has secured a significant £2.9m development exit loan from Shawbrook, facilitating the sale phase of 15 luxury holiday homes in Anglesey.
- The project includes premium features and adheres to sustainability standards while being designated solely for holiday use due to planning restrictions.
- Shawbrook, a reliable financial partner, remains committed to supporting projects like these through to completion, demonstrating flexibility when other funders would not.
- The development is part of a broader scheme, which includes a subsequent phase of 16 new homes, highlighting the ongoing expansion efforts in the region.
- Key representatives from Shawbrook and SGL7 commend the smooth collaboration, pointing to seamless transitions in funding to ensure project continuity.
SGL7 Ltd has successfully secured a substantial £2.9 million loan from Shawbrook, aimed at facilitating the ongoing marketing and sales efforts for 15 luxurious holiday homes in Anglesey. This financing marks an essential stage in the project, especially given the high-quality finishes and sustainability features embedded within the development. The homes are subject to planning restrictions, permitting occupancy solely for holiday purposes, adding a unique dimension to the sales strategy.
At a critical juncture, as their initial financial arrangements neared expiration, SGL7 turned to Shawbrook, a longstanding partner, for a new 12-month loan. Shawbrook’s Relationship Director, Greg Pescott, emphasized the importance of providing financial solutions that extend beyond practical completion. He expressed enthusiasm about supporting this notable Welsh holiday home project and anticipates future collaborations with SGL7 and other developers in the region.
The collaboration has been praised by Andrew Cartwright of SGL7, who highlighted the seamless experience with Shawbrook. The lender’s willingness to step in when their previous funder was unable to extend terms underscores Shawbrook’s commitment to the project’s success. Cartwright noted the valuable support and expertise leveraged throughout the development phase.
This significant development is just one element within a larger scheme. The forthcoming phase of the project will introduce 16 newly constructed three-bedroom homes, further expanding the housing options available in Anglesey. This expansion underscores the area’s growth and appeal, driven by sustained demand for high-quality, sustainable holiday accommodation.
The SGL7 and Shawbrook partnership exemplifies effective financial collaboration, ensuring the success of ongoing and future developments in Anglesey.
