Bruckland Developments cracks on with luxury Surrey scheme after £3.4m loan

Construction is underway on a new luxury property development in Surrey following a £3.4 million residential property development loan from Secure Trust Bank (STB) Real Estate Finance.

Situated in the village of Felbridge, East Grinstead, the development comprises nine semi-detached new-build properties to the rear of existing homes on Rowplatt Lane.

They’re being developed by Bruckland Developments, which has previously made two deals with STB.

The £3.4 million loan for the collection of three-bedroom properties was drawn in February 2024, with an 18-month term facilitated by Richard Lynn, relationship director at STB Real Estate Finance.

Joe Bruckland, Company Director at Bruckland Developments, said: “We have a great relationship with Richard, and the success of our previous two projects with Secure Trust Bank made it a no brainer to work with Richard and the team once again.

“I’m sure they will help us adapt to and exploit new opportunities as we continue to grow our portfolio.”

Construction is already underway, with the homes expected to reach practical completion in March 2025.

Richard added: “We’ve known Joe for some time, so when he contacted us about developing this scheme, there was no doubt our visions would gel together.

“As specialists in residential property development finance, we knew we could go above and beyond what other banks are able to offer, and we’re thrilled to see this project coming together to create more homes in the area.”

Supporting Richard Lynn on the deal was James Reeves, the bank’s assistant relationship manager, who is training to become a relationship director himself.