Redwood Bank, the buy to let lender, has agreed a £1,050,000 development loan to Buttermarket Properties to support a mixed-use development in Warrington.
Redwood Bank is part-owned by Warrington Borough Council and provided the loan to support the development of 14 flats (one, two and three-bedroom units) and 3 commercial units. The £1.6million project will convert a former branch of RBS on Horsemarket Street, which closed in 2018.
Redwood Bank’s business development manager Sue Young said: “We were thrilled to be able to support a veteran property investor in bringing housing to Warrington town centre.
“Neil was able to place his trust in Redwood Bank and allow us to move swiftly to come up with a solution that worked for all parties.”
Buttermarket Properties director Neil Trainer added: “I’ve been impressed by the can-do attitude shown by Sue and the Redwood team.
“They find solutions to make things happen and the proactive approach has ensured a swift deal which, in the current property market, is vital.”
Original article featured here…
Redwood Bank recently appointed Simon Steer as business development manager for Yorkshire, as part of their growth plans.
source https://commercial-mortgages-broker.co.uk/buy-to-let-news/redwood-bank-provides-1million-for-warrington-mixed-use-development/
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