Leumi UK provided £26.3m across two senior term loan facilities to support acquisitions in Huddersfield and Sale.

The lender moved from initial enquiry to completion in three weeks without requiring assets under management to support the loan.

The loan was agreed at 59% LTV on assets valued at £8.65m.

The facility runs for 24 months, providing short-term flexibility for the borrower.

The loan was structured at a 75% LTV, despite the property being vacant at the time of purchase.

Plans include a 1,700 sq ft private terrace, a feature increasingly used to support rental premiums in the West End.

Leumi UK and Martley Capital have now completed three co-lending transactions together in the past 12 months.

The funding covered a shortfall of over £2.2m, including SDLT, after a family gift was withdrawn.

The facility allows the client to implement a long-term asset management strategy in the first year.

The auction property was purchased for £100,000, with a 10% deposit at stake.