We recently completed a £7.5 million structured bridging and development loan to support the refinance and completion of a premium residential property in a prestigious North London suburb. The facility provided the borrower with the flexibility and funding required to complete a high-specification new build and execute a sale strategy in a competitive market.
Key Features:
- Facility: £7.5m bridging and development loan, secured against a high-value residential asset, with additional security over other property.
- Purpose: Refinance of existing development debt and provision of funds to complete construction.
- Client Profile: Experienced developer and business owner with a strong asset and liability position, having demonstrated significant commitment to the transaction.
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Property Highlights:
- The security is a newly constructed, award-winning luxury residence set within a sought-after estate in North London, offering premium amenities and excellent connectivity. The development is nearing completion, with the majority of contracted works already fulfilled and final high-spec installations underway.
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New Relationship:
- This transaction originated from a new introducer relationship, with whom we worked seamlessly to deliver a successful outcome. The collaboration demonstrated a shared commitment to efficiency and client service, and we are confident this will be the first of many more transactions together.