Pallas Capital completes £3m Pembrokeshire residential development loan

22 April 2026

Pallas Capital announced the completion of a £3m residential development loan to support the first phase of a new build-to-sell housing project in Roch, Pembrokeshire.

The 20-month facility, structured at 65% LTGDV, provides the necessary funding for Phase 1a, consisting of 10 residential houses delivered by an experienced developer with a strong track record in the local area.

Senior Originator Mark Witherington, who has an established track record completing deals across the Midlands and Warwickshire, and Underwriter Jamie Peacham, led the transaction for Pallas Capital, which was introduced by Laurie Baugh at Approved Finance.

The site’s complex title and unregistered land required a level of diligence that typically causes traditional funding to stall. By working through these technicalities with their legal partners, the Pallas team was able to structure a solution that moved the project forward where others might have seen a roadblock.

Jamie Peacham, Underwriter at Pallas Capital, commented:

"This deal is a great example of what we can achieve when we lean into the more complex aspects of a transaction. It required a significant amount of thought from our legal partners and a pragmatic, commercial mindset to get it over the line.

It is always a win to work alongside trusted partners who understand the local market. We are happy to see this project move into the construction phase and look forward to supporting the client further as the site progresses."

This completion marks the start of an evolving partnership. Pallas is already in active dialogue with the developer to fund subsequent phases, reflecting a commitment to building relationships after completing deals and providing consistent capital throughout the project's entire lifecycle.