Pluto Finance completes £8m Loan to Develop 33 new homes on Canvey Island.​

Pluto Finance is pleased to announce the completion of an £8m loan to fund the construction of 20 houses and 13 apartments at Phase 2 of a successful Canvey Island development in Essex.

The unit mix includes 2, 3 and 4 bedroom detached and semi-detached houses alongside 1 and 2 bedroom apartments. This traditional and affordable housing development is expected to offer much needed housing solutions in the area.

Pluto Finance partnered with law firm TLT on the transaction, whom Pluto has worked with previously.

Simon Chapman, Lending Director at Pluto Finance commented “We are delighted to support the second phase of this sought-after development in Canvey Island. This development will provide further housing to the region and enhance the quality of the housing available to the local community.”