Downing Property Finance has provided Carmichael Homes with £11.6 million in funding to advance sustainable property developments in Scotland. The financing will support two major projects: ‘The Fieldings’ in Jackton, East Kilbride, and another in Roslynlee. Both projects embrace green construction and energy-efficient features, aiming to offer sustainable living without compromising luxury. Downing’s loan product is designed to align with developers’ environmental aspirations, offering up to a 1% interest rebate for meeting sustainable criteria. This funding underscores Downing’s commitment to environmentally conscious lending practices and Carmichael Homes’ expertise in sustainable housing. Relationship Director John Pollington and Mark Sukhram led the deal on behalf of Downing. Scott Carmichael of Carmichael Homes emphasized the partnership’s role in realizing their vision for sustainable housing.
Real Estate Development, Sustainable Finance, Green Construction,United Kingdom, Scotland
https://www.downing.co.uk/insights/property-finance-funding-for-carmichael-homes