West One Loans has teamed up with venture capital group ME Developments for a £5.5m development finance facility.

The facility is funding the construction of five high specification, five bedroom homes.

Each home will cover 3,600 square feet, while the project has a target Gross Development Value of over £9.5m.

The construction is expected to take approximately nine months, with sales to follow shortly afterwards.

Simon Marshall, CEO of ME Developments, said: “We’re delighted to team up with West One Loans who we have worked closely with in the past and have proven to be a responsive and flexible finance partner. Like all ME projects, this will deliver high quality property in a beautiful location.”

Stephen Wasserman, managing director of West One Loans, added: “This is a great opportunity to support an experienced developer in funding an impressive scheme which is sympathetic to its semi-rural surroundings. We’ve worked with ME Developments on previous projects and they always deliver an extremely good product.”