The £35.5m facility is set at 70% LTV against a scheme with a GDV of £51.1m.

Kiran Patel of Venture Finance explains how a real estate debt capital adviser differs from a commercial finance broker on scale, specialism, lender access and credit papers.

The 17-home scheme comprises 15 three-bedroom apartments and two two-bedroom units, with funding structured at 67% LTGDV over 24 months.

More than 30 developments have used the Impact Lending Framework since it launched in 2024.

The completed hospital has a GDV of about £2.86m.

Pivot’s bridging finance and development finance loans now start from 6% above base rate, with sizes from £2m to £15m.

Atelier and Sheen Lane Developments have previously worked together on permitted development schemes including 200 Hammersmith Road.

A 15-month development finance facility at 70% LTV will fund two one-bedroom flats near Crystal Palace Park.

The facility represents around 74% of the £700,000 gross development value.

Converting a property into an HMO costs about £15,300 per bedroom on average in England, or about £82,000 for a typical 5.37-bedroom property.