London-based residential lender Pluto Finance has launched a new £250 million (€294 million; $392 million) business to provide financing for housing developments in London and the south east of England. According to the firm, the initiative is part of a plan to inject a substantial amount of capital into a sector that “has been starved of traditional bank finance in recent years.”
Pluto launches UK resi finance business
The London-based residential lender aims to lend £250 million to developers over the next five years for housing developments in London and the south east of England.
