CORNWALL, UK. February 4th, 2026 – Cator Wells Finance, a specialist property finance brokerage, has successfully secured a £5.8 million gross development facility for a high-end coastal residential scheme with a projected gross development value (GDV) of £9.5 million.
The development involves the conversion of a former Cornwall hotel into five contemporary townhouses, alongside the construction of three detached cliff-edge luxury homes overlooking Glendorgal Bay and the Atlantic Ocean.
Once complete, the scheme will deliver a boutique collection of premium coastal residences designed to appeal to lifestyle buyers and owner-occupiers.
The transaction reflects Cator Wells Finance’s relationship-led approach to property funding. The client, an experienced hotelier, was first introduced to the firm in 2022 when Daniel Dawson, Director at Cator Wells Finance, met them while on holiday in Newquay. What began as an informal conversation developed into a long-term advisory relationship, supporting the client through early-stage planning, feasibility, and scheme preparation over several years.
Rather than engaging only at the point of funding, Cator Wells Finance worked alongside the client throughout the project’s evolution, providing guidance on lender appetite, scheme structure, and fundability. This long-term involvement ensured the development was positioned effectively when it reached the funding stage.
The £5.8 million facility provides the client with the certainty and flexibility required to move into the construction phase, supporting both the refurbishment of the existing structure and the delivery of the new cliff-edge homes.
Commenting on the transaction, Director at Cator Wells Finance Daniel Dawson said: “We are delighted to complete this deal, which highlights the importance of long-term partnerships in development finance, with many projects requiring years of preparation before reaching execution.
“Coastal schemes combining conversion and new-build elements can present challenges for lenders due to construction complexity, location-specific risks, and exit considerations. To mitigate this, we structured and presented the opportunity to accurately reflect the quality of the end product, the strength of the location, and the client’s experience, enabling a competitive funding solution to be secured.
“As a firm, we continue to position ourselves as trusted members of our clients’ professional “power team”, supporting schemes from concept through to completion.”
ENDS