Sheen Lane will use the loan to convert 200 Hammersmith Road into 118 residential apartments. This loan is structured at 70% LTGDV over a 15-month term.

“We are delighted to be working with Atelier again on what is the first permitted development scheme of scale to be approved within Hammersmith and Fulham,” said Andrew Cooper, director at Sheen Lane Developments.

“200 Hammersmith Road is an exemplary conversion project being an attractive, well-constructed building in a sustainable and desirable residential location.

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“We are excited to get going and Atelier’s market leading day one advance will allow us to get ahead in the delivery of this landmark project.”

Paul Silva, chief financial officer at Atelier, added: “We’re pleased to be supporting Andrew and the Sheen Lane team again as lender on this well-located permitted-development scheme in Hammersmith.

“We have been involved with the asset for some time, and with financing now in place we look forward to supporting the delivery of a well-designed office-to-residential conversion that will provide high-quality rental accommodation in a prime location.”