Funding 365's Light Refurbishment product funds up to 100% of works costs in arrears, capped at 40% of open market value.

The 10-month loan completed at 75% LTV, enabling the redemption of three existing facilities at the same time.

The scheme will deliver 17 mews houses, two bungalows, and 31 parking spaces.

Development finance totalled over £36m across Haywards Heath, Hastings, and Southampton.

The bridging facility totalled £1.275m and was structured at 75% LTV over 12 months.

The loan completed in just three weeks from credit approval to legal completion.

The 38,512 sq ft building sits on a 2.53-acre site and generates about £469,000 in annual rental income.

Four HMO refurbishment loans in south-east London totalled approximately £3.15m and were structured at a 75% day-one LTV.

The deal completed in eight weeks despite an initial nine-week deadline and the Christmas period.

Aspen’s updated bridge-to-let product now offers combined terms of up to five years with maximum loans of £15m and LTVs of up to 80%.