Moda Living’s single family rented housing business Casa by Moda has secured £150m funding from NatWest which will enable it to build an extra 1,100 homes.

The firm said it had agreed an initial £60m a debt facility with the option of increasing this to £150m in order to support Casa’s plans by directly funding the delivery of 1,100 units in the “single family home” market. The single family homes market provides houses rather than flats built for rent, typically in suburban rather than urban locations.

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