The seasoned developer required the facility to repay an existing development loan and raise an additional £225,000 for further investments.

The deal was completed on Aspen’s Stepped Rate, starting at 0.59% per month over 10 months.

The latest transaction for Tuscan was part of a record-breaking first half of 2024 for the lender

The £85 million investment loan for Author King’s Cross is the first for Related Argent’s build-to-rent portfolio, following previous construction loans.

The deals were originated by Raf Chowdhury, who was assisted by analyst Max Brady

The case was introduced to HTB by LEXI Finance and was subject to tight timescales.

The deal was completed within 10 working days of obtaining credit approval

The £2.6m senior debt facility will enable the developer to convert a Grade II listed detached property into 3 residential units.

The new Kirkstall Forge suburb in western Leeds will comprise more than 1,400 homes, offices, hospitality and leisure venues

The serviced office, located in Devon, is set in 70 acres of land and comprises 14 buildings and 150,000 sqft of income-producing space.