Exit will be achieved through the sale of all six units

The loan, at 70% LTV over six months, enables the consolidation of three investment properties into a single corporate structure.

The deal follows a recent record month of lending for HREF, with over £200m of its own funds loaned to bridging borrowers in 2024, and almost £44m in February 2025 alone.

The borrowing entity was an offshore company, which introduced additional complexity to the transaction.

The loan was structured at 60% LTV over a 12-month term

The loan enabled UTB's customer to buy a retirement property and consolidate existing debt.

Despite remaining the most popular use of bridging loans, the popularity of refurbishment has lessened in recent years.

The lender has also made several product enhancements following feedback from brokers.

The latest deal marks another high-end completion for the lender, further cementing its reputation in London’s super-prime property sector.

Newly released data from Shawbrook has highlighted a growing number of bridging loans being used by landlords to purchase buy-to-let properties.