Precede Capital funds £34.3 million Bridge Loan for a major residential development in Richmond, London
Precede Capital has originated a £34.3 million pre-development bridge loan to Avanton, supporting the refinancing and continued progression of a fully consented residential development in Richmond, London. The transaction was completed in partnership with LCM.
The Development
The financing underpins the delivery of 453 new homes across a high-quality scheme, comprising 280 private for-sale units and 173 affordable homes, strengthening the supply of much-needed housing in one of London’s most desirable locations.
A Well-Connected Location
Situated directly beside North Sheen train station, the development offers residents a direct rail connection to London Waterloo, putting central London within easy reach. Richmond Park is just over a 15-minute walk away, while Richmond town centre is accessible in under 5 minutes by public transport, offering an exceptional balance of urban connectivity and open green space.
In Their Own Words
“We are delighted to support Avanton on this strategically located and thoughtfully structured scheme in Richmond. The combination of strong planning fundamentals, attractive housing mix, and a highly capable sponsor team creates a compelling foundation for value creation. Our facility provides the flexibility and certainty needed to progress the consented development. We are proud to back high-quality residential projects that increase London’s housing supply while maintaining disciplined risk management and robust downside protection.”
Randeesh Sandhu, Co-Founder and CEO, Precede Capital
