
Developer Secures £1.5M Development Loan for Mixed-Use Scheme
Deal Overview
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Loan Amount: £1,500,000
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Facility Structure: Staged development loan with interest rolled up
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Asset Type: Mixed-use site with 6 residential units and 2 commercial spaces
Client Objective
The client, an experienced developer, required funding to complete a mixed-use scheme in Greater London. The project had planning consent and initial groundwork completed, but required staged drawdowns to fund build costs through to completion and sale.
Strategic Lending Partnership
We introduced a lender with appetite for mid-sized residential-led schemes and the flexibility to offer staged drawdowns aligned to build milestones. The facility included interest roll-up and a 12-month term with optional extension, allowing the client to focus on delivery without monthly servicing pressure.
Efficiency & Impact
The loan enabled the client to maintain momentum, manage contractor payments, and preserve equity for future projects. The lender’s proactive monitoring and milestone-based release structure ensured smooth progress and cost control throughout the build.
Collaborative Execution
We worked closely with the lender’s credit team, the client’s QS, and legal advisors to structure the facility around the build schedule. Valuation, legals, and monitoring surveyor setup were completed within 16 working days, allowing the first drawdown to land ahead of schedule.
