The 65% LTV funding was based on the market value subject to tenancies.

So far this year, HREF has backed property developments across 10+ UK and Ireland locations.

The estimated cost of a 12-month refurbishment loan fell from £12,834 in 2024 to £12,612 in 2025.

The acquired portfolio includes over 40 residential and commercial properties.

The facility covered 100% of both the purchase and refurbishment costs.

The latest agreement from Aspen helped the applicant to cover an existing finance agreement, recommencement of works, and further drawdowns.