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Package agreed for new homes

MNM raises bank funding for Meadowbank scheme

MeadowbankMNM Developments Scot has raised bank funding for an £11 million development of investment properties and second homes in Edinburgh’s Meadowbank.

The venture, scheduled for completion in early 2017, is backed by £7.7m package from Bank of Scotland and includes asset finance to acquire a crane.

Marc Teague, director at MNM Developments said: “It been an exciting year for us so far.” 

Graham Dunlop, relationship director at Bank of Scotland added: “This is the fourth project we have supported Marc and his team with and we’re confident it will be another major success.

“Residential property is an important sector for Bank of Scotland and we’re committed to providing tailored support to meet the individual growth strategies of our customers in the industry.”

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