HOW IT WORKS
On average we lend £40,000 to allow the CLT to develop the planning submission they need. The loan is repaid when planning permission is given and development finance is raised.
CLTs can borrow an average of £350,000 towards the costs of construction; this de-risks commercial finance, enabling the scheme to be built. A typical scheme builds 8-12 homes. The loan is repaid from the proceeds of the completed homes.
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