Earlsriver has received £60m in funding to develop its mixed-use development in Wandsworth, SW11.
OakNorth has lent £40m and RS Property Finance provided a further £4.4m, alongside Orlandis’ £16m investment.
Earlsriver will use the capital to develop 129 homes (18.6% affordable), circa 12,000 sq ft of office space, a park and a play area.
The joint venture between developers Chris Mason, Raj Sond and Orlandis Capital is also backed by CPC Group, the residential development business set up by Christian Candy.
Andrew Chrysostomou, managing director at Orlandis Capital, said: “Having worked together on several transactions in the past, the two funders worked seamlessly together to provide us the funding support needed.
“As is typical of such deals, there were significant structural complexities and challenges. Working with tried and tested partners such as Oaknorth, which like Orlandis truly understand real estate and development, is critical. This is the second deal Orlandis has undertaken with Dominus, which continue to impress as a proven developer of quality housing solutions.”
Damian Hughes, senior debt finance director at OakNorth, added: “Both Chris and Raj have extensive experience and a proven track record in property development and investment.
“Their backing from Orlandis is testament to the credibility and strength of their development approach, and their understanding of the unique development opportunities beyond zones one and two.”
OakNorth Bank has completed a number of transactions this year, largely focusing on student accommodation, including a £33m loan to Mabec Property, a £12.7m deal with Kexgill for development in Hull and a £17.5m transaction for Ankor for student blocks in Ealing and Greenwich.
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