HREF quickly stepped in to complete the loan after the borrower had been let down by another lender.

The scheme consists of a mixture of flats, terraced, semi-detached, and detached homes

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

The loan is the third deal between Secure Trust Bank Real Estate Finance and Bruckland Developments since 2020

£7.14 million facility will assist with the construction of 89 new homes in Esh Winning.

The bank provided a £16.3m residential development facility for the project, across a 15-month term.

The 60% LTGDV facility is for 18 months and is priced at a 5% margin

The borrower plans to redevelop an exclusive Grade II Listed townhouse on super-prime residential location, South Audley Street.

The development exit loan was structured with a short 12-month term to align with the anticipated rapid sales of the properties.

The lender completed the loan for an experienced property developer in just 12 days.