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6th February 2020

Blend Network completes £460,000 load for Northampton Housing Development

BLEND Network, the leading property investment platform specialising in funding low-cost, accessible housing developments has completed the advance of a £460,000 loan to finance the acquisition and redevelopment of a former shoe factory in Wellingborough, Northamptonshire into residential apartments.

The loan was subscribed in just 29 minutes and will part finance the acquisition of the development site, enabling to borrower to develop the property into a fully residential scheme. The site already benefits from detailed planning consent to convert in 24 apartments. It will be developed by an innovative property development team with significant combined property development and construction experience in London and Northamptonshire.

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