The scheme is set to create 73 one and two-bedroom flats, providing much-needed housing for buyers in the popular commuter town.

The borrower's project was delayed due to underpinning works on a neighbour’s house.

The £14.25m development exit loan takes the lender's cumulative lending to nearly £800m.

The deal was offered at 0.84% per month and completed in 17 days, one day before the existing deadline.

Milliard Homes submitted the case via The Commercial Mortgage Practice after it fell through with another lender.

The property in Barnet, north London, had planning permission for a change of use from a clinic to a three-bedroom residential family home.

The loan provides funding to the MUI Group to refinance existing loans and finance a comprehensive refurbishment of the property.

The complex case featured two six-bedroom properties in Buckinghamshire.

Both mixed-use properties feature commercial space on the lower floors with residential units above.

The £15.7m acquisition loan was to assist a borrower to fund the purchase of an office in Farringdon, London.