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

The latest deal marks another high-end completion for the lender, further cementing its reputation in London’s super-prime property sector.

Aspen Bridging recently launched its 2025 rate card with reductions of up to 80bps for all new applications and a higher maximum loan size of £15m net.

Exit will be achieved through a buy-to-let mortgage.

The announcement of the new product follows last week's launch of the lender's 2025 rate card.

The bridging lender has released its 2025 Rate Card showing reductions of up to 80bps for all new applications and a higher maximum loan size of £15m net. 

The deal was completed in just three weeks ensuring the developer avoided a hefty fine from their concluding finance deal.

The 75% LTV light development loan was completed in just five days

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

The £6.5m development exit bridge was provided to several experienced developers, enabling the redemption of the development lender and freeing up equity in a capital raise to...