The firm's largest deal to date was for the development of 103 flats in Hastings
Related topic: Case Study
The lender used projected rental income to help assess affordability
The bridging deal with InterBay through SPF Private Clients took 3 weeks from enquiry to completion for a 12-month term bridge, although the client expects to exit onto term within 6...
Mortimer Street Capital has arranged a £4.1m development exit bridging facility for a client who had recently built a 22-unit scheme in a gated development in Surrey.
Aspen's latest bridge for an international client is helping to cement its growing prominence in the high-end London market.
The borrower plans to redevelop an exclusive Mews House in the super-prime residential location.
The development, 'Raleigh House' is located on the site of the original headquarters of the bike company, Raleigh Bikes.
Shawbrook's support ensured that the developers were able to successfully complete the project despite covid-related supply chain issues.
The 12-month loan was underwritten at a 75% LTV.
The agreement follows the lender's announcement of a £250m bank funding line secured earlier this year.
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