The 42-apartment London development secured funding at 70% loan-to-gross-development-value, enabling the project to proceed despite challenging market conditions.

Early legal instruction and indemnified searches allowed immediate execution once the offer was approved.

Inspired Lending completed the loan within ten days of issuing a decision in principle.

The loan covers 70% LTGDV over a 15-month term.

The loan has a twelve-month term, giving the developer short-term liquidity to progress their programme

The project is structured over a 30-month programme.

The final projected GDV of the property is £2.8m after remodelling and additional works.

The property is expected to reach a GDV of £2.75 million once works are completed.

Brook House Place will deliver 57 homes, including one-bedroom apartments and four-bedroom family houses.

Last month, OakNorth provided a bespoke loan to Lovett Care, enabling the care provider to acquire Belvedere Manor, an 84-bed purpose-built care home in Colne, Lancashire.