Development group secures re-financing for housing on former hospital site
A Newcastle development company has completed a £17m refinancing deal a housing development on the site of the former Sanderson Hospital in Gosforth.
Lok Developments, part of Newcastle-based Morton Group, has secured the investment from Puma Property Finance and partners Mysing, with the deal team also including Weightmans, Burges Salmon LLP and Captima Ltd.
Newcastle City Council approved…