Silbury Finance provided a £67 million senior loan to MCR Property Group, the established residential developer. The 24 month facility will fund the development of 341 homes, a mix of for sale and rent, in the sought-after commuter town of Bedford. It represents the third deal between the two parties.
Located on Dallas Road, two miles south-west of Bedford town centre, planning has been secured for the phased development of 297 primarily one and two bed flats for private sale and 28 town houses, There are a further 16 shared ownership properties. Every home features a private outdoor space and underground parking bay.
MCR - Bedford