The former commercial block, which is being converted into six residential units and one commercial unit, has a total GDV of approximately £4m.

The borrower approached London Credit to refinance an existing loan and secure funding for the next stage of the build.

London Credit structured a facility at 70% LTV to refinance the existing lender, alongside funding up to 90% of project costs, capped at 70% LTGDV.

The bespoke funding package was designed to cover initial planning, ongoing build works, and site-specific challenges.

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Marios Theophanous, credit manager at London Credit (pictured above), commented: “This was a strong, well-thought-out scheme with a developer we already knew and trusted.

“They came to us for a funding solution that matched their pace and ambition, and we were able to deliver exactly that.

“The project had a number of moving parts, so clear communication and a hands-on approach were paramount.

“By spending time on-site and working closely with the borrower, we helped ensure the right decisions were made early on, keeping the build progressing effectively."