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Inland refinances 1,725-home Cheshunt scheme

Inland Homes has refinanced its 1,725-home Cheshunt Lakeside scheme in Hertfordshire with a loan from Homes England.

The brownfield developer, housebuilder and regeneration specialist said the new loan, for its joint venture Cheshunt Lakeside Developments, was on “considerably more favourable terms than the previous facility”.

The mezzanine loan facility of £14.25m with Homes England will be used together with a £7.4m infrastructure facility and an additional interest and fees roll-up facility of £2.85m. The facility is available to 21 March 2024, with repayment due by 31 December 2026.

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