Residential

Transformation of a landmark office site into apartments

This development will convert an existing office block into 127 new apartments in Chertsey creating a new residential community.


Working with a returning borrower we provided a £26m loan facility to provide much needed apartments in a desirable area. The developer had a hard stop completion date which required the loan to complete in just 13 days from initial enquiry. Building work will begin in the autumn with homes expected to be marketed in 2024.

Gross Loan

£26m

Term

18 months

LTV

Stretched Senior

Units Created

127

Exit Method

Sales

Loan Solutions

Residential

We specialise in providing tailored loan solutions for professional residential property developers. We offer choice and value, including variable and fixed rate options up to 70% LTGDV on loans between £3m to £40m. Our team of property professionals are expert in structuring the right finance solutions for your project – whether you have land with planning, are undertaking a permitted development, or are converting an existing building.

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Purpose-Built Student Accommodation

We work with professional developers of PBSA schemes across the UK, providing customised finance facilities that align with the unique requirements of PBSA development and support build programmes to meet academic intake dates.

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Build-to-Rent

We specialise in providing lending solutions that can be customised to meet the unique needs and requirements of build-to-rent projects. We offer competitive variable and fixed rate options and terms, which will ensure optimisation of the project's financial performance and return on investment.

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Care

We have extensive experience in providing finance solutions for care home developers and operators. Our facilities are structured to support every stage of your care home development project, from acquisition, development and stabilisation of the asset.

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Bridging

We recognise the importance of fast decisions and approvals for short-term financing requirements that will enable you to act quickly. As a specialist lender, our team of lawyers, surveyors, and credit experts can craft custom and transparent lending solutions for property acquisition, planning gain, and developer exit.  You also have the benefit of being able to leverage our development finance expertise for longer-term finance requirements.

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