Developer Propiteer Group has secured a £15m facility from Hilltop Credit Partners.
It will use the funds to refinance existing loans and develop 100 homes in the £120m Fletton Quays regeneration in Peterborough, Cambridgeshire.
The scheme is located on a brownfield site close to the River Nene and within walking distance of Peterborough station. Propiteer is also developing a Hilton Garden Inn hotel on the same site.
Jacob Andersen, head of transactions at Hilltop Credit Partners, said: “This project sits well with Hilltop’s appraisal of market conditions at the moment – regional towns are presenting amongst the most compelling cases for investment.”
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