The loan was structured at a 75% LTV, despite the property being vacant at the time of purchase.

Plans include a 1,700 sq ft private terrace, a feature increasingly used to support rental premiums in the West End.

Leumi UK and Martley Capital have now completed three co-lending transactions together in the past 12 months.

The funding covered a shortfall of over £2.2m, including SDLT, after a family gift was withdrawn.

The facility allows the client to implement a long-term asset management strategy in the first year.

The auction property was purchased for £100,000, with a 10% deposit at stake.

The Sunderland development covers 9,000 sq ft, with a final GDV exceeding £1.7 million.

The loan is structured over an 18-month term with a six-month extension option.

The funding supports up to five new office schemes under review across the South East and around Stansted Airport.

The refinance secured a five-year fixed rate of 5.89% with no loan documents required from international shareholders.