The funding facilitated the refinancing of multiple large-scale residential properties across Manchester and West London, unlocking equity for future investment

The deal marked the third time that STB Real Estate Finance and Merchant Land have worked together.

The deal covered a varied range of assets worth over £34m

The development is located on the outskirts of a major city and serves students from a nearby Russell Group university.

Aspen Bridging recently launched its 2025 rate card with reductions of up to 80bps for all new applications and a higher maximum loan size of £15m net.

The site has planning permission for a residential scheme comprising 74 apartments and parking.

Secured against a vacant nine-unit residential block, the facility will refinance the existing lender.

The transaction was complex and involved a share purchase structure and bespoke financing requirements

The funding was structured to be delivered in tranches, facilitating the phased completion of the project.

The lender has announced that it has successfully completed a tailored Structured Real Estate finance deal in just six weeks, which supported the transformation of office spaces into...