Carmichael Homes secures £11.6m funding package from Downing Property Finance
Summary
Borrowers are incentivised to implement more sustainable features which promote attributes such as water management, carbon reduction, and biodiversity enhancement. Known for creating energy-efficient homes that adhere to high standards, the developer has carved a niche in regenerating compact sites. Its commitment to greener, more sustainable building methods and net-zero technologies sets it apart in the quest for greener living spaces.The deal was led by relationship director John Pollington on behalf of Downing Property Finances team, with support from Mark Sukhram.Scott Carmichael, managing director of Carmichael Homes, said: Our collaboration with Downing Property Finance has been instrumental in bringing our vision to life. Their tailored Sustainability-Linked Loan has enabled us to pursue this project with greater financial agility and underscores our shared values in championing sustainability in the housing sector.John Pollington, investment director at Downing Property Finance, added: The expertise and dedication Carmichael Homes has brought to these projects are exemplary. Their remarkable sustainability credentials resonate strongly with Downings sustainability-linked loan scheme, playing a pivotal role in the fruition of these developments.