Clearwater International has advised housebuilder Almaren Homes on a new finance package, with funding being provided by Pluto Finance.
Almaren has been building houses in the East of England since 2006 and specialises in providing varied housing to meet local market demand. As the real estate market continued to improve, this ambitious company was looking for a finance package which would support its growth.
Following a competitive process, the funding has been provided by Pluto Finance – a leading provider of residential development financing. The first scheme to be funded is Anglian House – a prime location in the centre of Huntingdon, Cambridgeshire, which will become luxury apartments. This is the start of a long-term relationship between Almaren and Pluto, with many more schemes to come.
Clearwater International advised Almaren, led by partner Chris Smith with support from associate director Tom Barnwell.