Get in touch

Pluto Finance provides £130m of Low-Cost Development Finance in last 2 months

Pluto Finance closed £130 million of senior development finance in August, at an average margin of 4.1% and an average Loan to Cost of 65%.

For developments located in Kent, Essex, North London and Central London, Pluto concluded four senior development loans in this summer month, ranging from £7m to £51m.  The schemes were a mixture of build-to-sell and build-to-rent.

Justin Faiz, co-founder, and CEO of Pluto Finance, says: “Whilst our team have been busy working across all our lending products, we have been particularly active recently providing Senior Development facilities. At an average margin of 4% for up to 70% LTC, we are now cheaper than the high street banks and able to provide the same, quick turnaround and flexibility that we have historically delivered for our Stretched Development borrowers.”

Backed by some of the world’s largest institutional investors, Pluto Finance provides stretched and senior development loans as well as bridging finance.  Pluto Finance is currently funding the development of over 2,000 new homes in the UK.

Leave a Reply

Your email address will not be published. Required fields are marked *

Privacy Settings
Information About Our Use Of Cookies Our Site ( uses cookies to distinguish you from other users of our website. This helps us to provide you with a good experience when you browse our Site and also allows us to improve our Site. By continuing to browse the Site, you are agreeing to our use of cookies. A cookie is a small file of letters and numbers that we store on your browser or the hard drive of your computer if you agree. Cookies contain information that is transferred to your computer’s hard drive. Cookies are typically assigned to one of four categories, depending on their functions and intended purpose: strictly necessary cookies, analytical/performance cookies, functionality cookies and targeting cookies. We use the following cookies: Analytical/performance cookies. These cookies collect information about how you use our Site. They allow us to recognise and count the number of visitors and to see how visitors move around our Site when they are using it. This helps us to improve the way our Site works, for example, by ensuring that users are finding what they are looking for easily. These cookies don’t collect information that personally identifies you and only collect aggregated and anonymous information. You can find more information about the individual cookies we use and the purposes for which we use them in the table below: Cookie Name Purpose More information Analytical/performance cookies Google Analytics Examples of purposes for which a cookie may be used: · Estimate our audience size and usage pattern. You can block cookies by activating the setting on your browser that allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or parts of our Site. Last updated: 31 July 2018
Consent to display content from Youtube
Consent to display content from Vimeo
Google Maps
Consent to display content from Google
Consent to display content from Spotify
Sound Cloud
Consent to display content from Sound
Get a Quote