Finance News Roundup – April 2021

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April 30, 2021
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A lot's happening in development finance news. From funding for new developments to restructuring of debt (especially since the pandemic) – it's easy to miss out on what’s important.

To help with that, here are some updates you might have missed out on.


  • Homes England partners with developers to deliver 406 Modern Methods of Construction (MMC) homes

Homes England partnered with Seksui House and Urban Splash to deliver a set of 406 modular homes in Northstowe – a new town in the north of England. 

The partnership is the first of its kind. With Homes England putting up £90 million, the Government is signaling its commitment to MMC homes.

Quite a few lenders aren’t comfortable funding MMC homes, so this is big news. Perhaps a sign of things to come?


  • Blend Network fund their largest loan – in six minutes

Blend Network, a peer-to-peer property finance platform, funded the first tranche of a £2.6 million loan, their largest deal to date.

And they did it all in just six minutes. 

The loan was on a development with a combined gross development value (GDV) of £4.6 million. 

This news shows the growing popularity of P2P lending, especially in the middle of the market for deals less than £10 million.


  • Check out our on-demand webinar on alternative finance

I recently joined a webinar with Property Elevator’s own Helen Chorley (who wrote this great post on the advantages of crowdfunding) for a more in-depth chat about alternative finance. 

Watch the full webinar below and see what we had to say on the subject – and how you can get started in the space, too.