The scheme will deliver more than 500 new homes alongside commercial, retail and leisure space as part of a wider multi-phase masterplan.

The development has full implemented planning consent.

Phase two will provide 592 residential units across three tower blocks and a 260-space car park.

The developer is also seeking amendments to increase the height of two towers and convert the car park into a multi-storey facility.

The loan, structured in partnership with SHC Capital, refinances the developer’s existing land finance and enables the site’s preparation for development ahead of construction, which is expected to commence in 2026.

The deal was led by HTB's lending director Tim Mycock (pictured above), senior relationship manager Lucas Cutts, and the wider HTB development finance team.

Tim commented: “This was a sophisticated transaction that required precision and collaboration.

“The £17.1m facility provided the certainty and flexibility needed at a pivotal stage, positioning the site for its next phase of development.

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“Complex schemes like this rely on close collaboration, and SHC Capital were instrumental in helping us deliver a solution that met the developer’s objectives.”

Tony Tadros, director at SHC Capital, said: “This exciting project is at a critical stage and the refinancing of the land loan was integral to the developer’s strategic goals.

“So, it was a privilege to work with HTB’s highly experienced team, who showed themselves to be agile and able at every step of the way, on an intricate refinancing deal.

“With planning permission and time in place, we look forward to seeing how this scheme takes shape in 2026 — and to working again with Tim and his team at HTB.”

Neil Leitch, managing director of development finance at HTB, added: “Schemes of this size don’t move forward without conviction.

“Complex borrower structures, multi-phase masterplans and ambitious planning amendments demand experience and pragmatism.

“We are delighted to be supporting a first-class developer and look forward to building a long-term relationship as the wider regeneration comes to life.”