Author: Benjamin

[openai_chatbot] rewrite this content and keep HTML tags as is: “It’s been great to support Chris & Craneview on another, very attractive scheme in this popular town in Northamptonshire”- Steve Hallam – Paragon Bank Paragon Bank has announced that it has provided a £2.9m funding package to a joint venture between developer Castlegate Homes and construction company Craneview EM Limited, to support its Maplefields scheme in Kettering, Northamptonshire. Constructed on the site of the former Maplefields school on Beatrice Road, the scheme comprises 14 newly built homes with a mix of bungalows and detached houses, ranging from two…

[openai_chatbot] rewrite this content and keep HTML tags as is: Aspen Bridging has announced that it has completed a £4.6m bridge-to-let for refinance and light works on a luxury apartment in Chelsea, allowing the applicant to complete a small refurbishment of the interior followed by two years of rental servicing. The property is an impressive five-bedroom luxury penthouse, situated on the River Thames, which is set over three upper floors of a modern block and also comprises five external terraces. The case was completed in under a month with the lender using their remote signing and witnessing agreements…

[openai_chatbot] rewrite this content and keep HTML tags as is: “This is a unique and very exciting site – I’m not surprised to see that they already have a queue of prospective buyers, there will be nothing else like this on the market in that area”- Daniel Joyce – Close Brothers Property Finance Close Brothers Property Finance has announced that it has agreed a £24m loan with the James Taylor Homes Group and HGP to redevelop the headquarters of the Blind Veterans UK charity. The site is an iconic Grade II listed training and rehabilitation centre in Ovingdean,…

[openai_chatbot] rewrite this content and keep HTML tags as is: “By incorporating a blend of development exit, part-complete, and ground-up funding, we have provided the borrower with a flexible and strategic solution to support their project through to completion”- Andreas Yianni – Pivot Finance Specialist real estate lender Pivot has announced that it has successfully completed a funding package comprised of three loans for a residential development in Denby Dale, West Yorkshire. The £6.5m facility is uniquely structured to encompass three distinct loan types within a single transaction—a development exit bridge, part-complete development loan, and ground-up development facility.…

[openai_chatbot] rewrite this content and keep HTML tags as is: “I am very proud of all parties involved in the transaction, we all worked harmoniously with the end goal of supporting the client. Together, we are supporting SMEs to build more homes in the UK”- Hiten Ganatra – Mortimer Street Capital Mortimer Street Capital has announced that it has arranged a new £4.1m development finance facility for a repeat client comprising a £3.2m debt restructure and a £200k VAT Bridge, using funding partners LendNet, and two other specialist debt funders. The client approached MSC in late 2024 to…

[openai_chatbot] rewrite this content and keep HTML tags as is: Inspired Lending has completed a £980,000 developer exit facility secured against a newly built residential property in East Sussex. The borrower, an experienced property developer, sought funding to refinance an existing development loan and raise capital for a new site purchase. The security was the final unsold unit of a five-home new build scheme. Minor works remained outstanding at the time of drawdown. Despite added legal complexity, including a simultaneous title transfer to a new SPV, Inspired Lending worked closely with the borrower’s legal team to complete the…

[openai_chatbot] rewrite this content and keep HTML tags as is: Inspired Lending has completed a £980,000 developer exit facility secured against a newly built residential property in East Sussex. The borrower, an experienced property developer, sought funding to refinance an existing development loan and raise capital for a new site purchase. The security was the final unsold unit of a five-home new build scheme. Minor works remained outstanding at the time of drawdown. Despite added legal complexity, including a simultaneous title transfer to a new SPV, Inspired Lending worked closely with the borrower’s legal team to complete the…

[openai_chatbot] rewrite this content and keep HTML tags as is: Inspired Lending has completed a £980,000 developer exit facility secured against a newly built residential property in East Sussex. The borrower, an experienced property developer, sought funding to refinance an existing development loan and raise capital for a new site purchase. The security was the final unsold unit of a five-home new build scheme. Minor works remained outstanding at the time of drawdown. Despite added legal complexity, including a simultaneous title transfer to a new SPV, Inspired Lending worked closely with the borrower’s legal team to complete the…

[openai_chatbot] rewrite this content and keep HTML tags as is: Inspired Lending has completed a £980,000 developer exit facility secured against a newly built residential property in East Sussex. The borrower, an experienced property developer, sought funding to refinance an existing development loan and raise capital for a new site purchase. The security was the final unsold unit of a five-home new build scheme. Minor works remained outstanding at the time of drawdown. Despite added legal complexity, including a simultaneous title transfer to a new SPV, Inspired Lending worked closely with the borrower’s legal team to complete the…

[openai_chatbot] rewrite this content and keep HTML tags as is: Inspired Lending has completed a £980,000 developer exit facility secured against a newly built residential property in East Sussex. The borrower, an experienced property developer, sought funding to refinance an existing development loan and raise capital for a new site purchase. The security was the final unsold unit of a five-home new build scheme. Minor works remained outstanding at the time of drawdown. Despite added legal complexity, including a simultaneous title transfer to a new SPV, Inspired Lending worked closely with the borrower’s legal team to complete the…