"This was a strong, well-thought-out scheme with a developer we already knew and trusted. They came to us for a funding solution that matched their pace and ambition, and we were able to deliver exactly that"
- Marios Theophanous - London Credit
London Credit has completed a bespoke development finance facility to support the delivery of a £4 million mixed-use scheme in South West London, including the conversion of a former commercial site into six residential units and one retail unit.
The borrower, an experienced developer, approached London Credit to refinance an existing loan and secure additional funds for the next phase of construction. Having previously worked with the lender, the client returned based on its track record of supporting complex projects and its practical approach to funding.
The lender structured a solution at 70% loan-to-value (LTV) to repay the existing lender, while also funding up to 90% of remaining project costs, capped at 70% of the Gross Development Value (LTGDV). The facility was tailored to address planning requirements, construction milestones, and site-specific constraints.
London Credit’s team conducted an on-site visit and worked directly with the borrower’s legal and professional advisers to streamline the onboarding process. The lender said that clear communication, fast valuations, and collaborative decision-making helped keep the scheme progressing on schedule.
“This was a strong, well-thought-out scheme with a developer we already knew and trusted. They came to us for a funding solution that matched their pace and ambition, and we were able to deliver exactly that,” said Marios Theophanous, credit manager at London Credit (pictured). “The project had a number of moving parts, so clear communication and a hands-on approach were paramount. By spending time on-site and working closely with the borrower, we helped ensure the right decisions were made early on, keeping the build progressing effectively.”
