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SPF loans top £575m in 2024



SPF Private Clients lent out £575m to developers over the course of 2024, across 135 transactions.


Revealed in its 2024 review report, SPF Private Clients detailed that it had used 48 lenders with an average loan size facilitated of £4.5m.

The largest loan completed by the firm last year was a £152.5m commercial real estate loan for MUI Group, refinancing existing debt and supporting the conversion of Corus Hyde Park Hotel.

This lending activity has led to top-line growth for the firm, which reported revenue and EBITDA increases of 14% and 27%, respectively.

Reflecting, SPF Private Clients executive director Daniel O’Neil described this as a “fantastic achievement” given challenging market conditions.

Looking ahead, Daniel is optimistic: “2025 has started off with news of higher UK borrowing costs and ongoing unrest around the impact of the Autumn Budget on businesses and additional costs regarding what March’s Spring forecast will bring.

“However, we are optimistic that transaction levels across the debt markets will continue to improve.”

In particular, Daniel sees potential for some government policies to “feed through” for the living assets sector.

Despite this, he said “significant planning reform” at a local level is still needed to expedite housing delivery.



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