The loan supports a refurbishment project that includes a planned loft conversion, with planning approval still pending.

This latest deal follows a £626k development loan completed by the lender last week at 70% LTGDV, requiring detailed structuring and close coordination among all parties.

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

The transaction required coordination between three core parties, the broker, valuer, and monitoring surveyor, to align expectations and figures.

The refinance was completed under a fixed deadline to avoid penalty charges on an expiring short-term facility.

The loan was capped at 65% LTGDV and structured over an 18-month term.