Property developer Archerfield Homes came to Buzz Capital in search of a development loan in order to finance the demolition of a former snooker hall, which had been vacant for a number of years and construct 20 numbered apartments, ranging from 1–2-bedroom units at One West Street, in the idyllic market town of Newbury. With full planning consents, the apartments will be completed to a high specification and will hold a market value of £5,750,000.
Buzz Capital offers affordable property business loans to those looking to expand their property development business. Our knowledgeable team provides property finance expertise to ensure that your projects reach their full potential.
Archerfield Homes is a family business founded on a father-son bond with the sole goal of producing the best in sustainable housing.
Archerfield creates homes that people want to live in by combining years of industry experience with cutting-edge technology, resulting in close-knit communities that focus on the built environment. Their houses are not just for individuals, but for the entire community.
Simon Wasley of Archerfield’s states: “We are thrilled to get this site across the line with Buzz Capital, and regenerate what is a redundant building in the heart of such a historic town. Sites like these provide great opportunities to us as developers, to show the local people that we are here to add value to their town, through the creation of good quality housing, from sites that have been vacant or abandoned. We are looking forward to getting underway with the scheme, and with the release of these units hopefully in Spring 2023”.
Marcus Searancke of Buzz Capital states: “It was a pleasure to do business with the team at Archerfield and we look forward to working alongside them on future property developments”