UK Property Development: Northern Ireland Housing Executive Invested £32M+ into Building Social Homes in North East of Country

The Northern Ireland Housing Executive (NIHE) has reportedly invested more than £32m into building more than 400 new social homes in the north east of the country last year, the team at UK’s Blend Network has noted.

Blend Network, a development finance lender, says it’s great to see more funding “for housing development into a region we’ve long been committed to.” At Blend Network, they are very pleased to be “supporting property developers across Northern Ireland.”

Blend Network has also shared a selection of actual development finance terms that they’ve issued to developers and introducers / brokers recently.

At Blend Network, they claim that they don’t just talk about transparency, they also act transparently. That’s why every week, they “open up and show you the terms that we’ve issued to developers and introducers in the past seven days.”

The firm explains that they do this to help their clients “make informed decisions, and just because it’s the right thing to do.”

While sharing other key update, the firm reports solid progress on site at the scheme they are currently funding in Lisburn, County Antrim, Northern Ireland.

According to Blend, this is “a scheme of 6 much-needed social housing apartments, and they are very proud to support the borrower on this project.”

As reported recently, Blend Network, a specialist development finance lender, is reporting solid progress on-site at one of the schemes that they recently funded in Cambridge, where the borrower “intended to acquire, convert and extend an existing building into nine apartments.”

At Blend Network, they are supporting property developers with doing what they do best while they aim to take care of all things finance.

As covered, Blend Network provides an investment management platform for institutional and individual investors in order “to co-invest in real estate lending, backing mid-market schemes underserved by traditional lenders.”

In addition to these developments, the firm is also reporting another project funded via Blend Network. They’ve supported an experienced property developer to acquire and develop a property in a beautiful seaside location in North Somerset.

Blend Network says they hear from the property developers that they work with that they most want “to work with a lender who can take care of all things finance, so they can focus on their schemes.”

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