The 24 month loan is secured against a partly sold 66-apartment new-build residential block which includes a ground floor commercial unit.

Written at 75% LTV, this allows IndigoScott to resolve a complex intercreditor situation and complete the marketing and sale of the Abbey Wall scheme in south-west London. 

This transaction was introduced by RockCap director Alex Lundberg with valuations undertaken by Gerad Eve.

Daniel Fireman of Gunnercooke led the legal due diligence for Hilco.

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Charlie Job, associate at Hilco, commented: “This loan gives our client time and flexibility to sell down the scheme and deliver vital housing supply in the local area.

“They have developed a high-quality project that is already part sold, demonstrating strong local demand, and we expect this to continue as residential transaction volumes stabilise.”

Jeremey Scott, director at IndigoScott, added: “Hilco were able to quickly grasp the complexity of the case and provided an innovative and creative funding structure.

“Their communication was excellent and they remained closely engaged and supportive throughout the transaction.”