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Buzz Capital closes property development loan with East Green Homes

Buzz is pleased to announce the closing of a development deal in the picturesque village of Walberswick, located on the Suffolk Heritage Coast. Whilst the market in the village is one of low turnover, the village is “an oasis” of high value due to its seaside charm, accessibility to London, Norwich, and Ipswich, and has attracted many famous residents in the past.

Planning permission was granted earlier this year for the demolition of a 1950s bungalow and the construction of two new build residential units. The plans are for two substantial houses, one four bed, one five bed, in an area that is very popular for second homes and holiday rental properties.

With the assistance of Buzz’s property development finance, developer East Green Homes Limited finalised the capital required to kick start the development and work has now commenced. We wish them every success with the build and look forward to seeing the end result.

David Peck of Buzz Capital states:

We are proud to have played a pivotal role in supporting the developer’s vision. Visiting the site and meeting with the developer personally gave us confidence in the project and we look forward to working with the developer again in the future. 

Jon Seamon of East Green Homes states:

Thank you to Buzz Capital for all your support in helping us to secure the development finance for two new Passive House Homes. We look forward to making this an environmental and successful development. Buildings and Homes are a significant culprit of carbon emissions – accounting for approximately 35% of total global energy consumption. The objective of sustainable development can be summarised as meeting the needs of the present without compromising the ability of future generations to meet their own need Passive House enables the levels of demand reduction that we will need to achieve Net Zero

Buzz is seeking new bridging and development opportunities that require short-term loans between £200-£300k. Competitive rates are on offer. Please get in touch with a member of the team by calling 01273 766399 or emailing hello@buzzcapital.co.uk