The scheme, now delivered, comprises 17 high-specification residential apartments.

DCI structured the facility with a dual-phase approach from day one, combining development funding with a pre-agreed transition to a lower-cost development exit facility upon completion.

This removed refinancing risk for the borrower and provided full cost visibility throughout the lifecycle of the project.

The structure enabled the borrower to progress the scheme with certainty of execution, while also ensuring funding costs reduced as development risk fell.

•   The Finance Professional Show 2025: The Video
•   UTB provides £35m stabilisation loan for BTR conversion scheme near Heathrow
•   Maslow supports £50m two-stage facility for Manchester resi scheme

Michael Clifford, commercial director at District & County Investments, commented: “This is a great example of how thoughtful structuring at origination can drive better outcomes for all parties.

“The scheme has now been delivered, creating 17 high-specification flats on an existing site and adding real value to the local community.

“From a lender perspective, we move into a position of holding strong, standing security in a completed asset that is ready for sale or refinance, having funded the land purchase and the build costs.

“Ultimately, everyone wins; the community benefits from new homes, the borrower benefits from reduced costs and certainty, and we benefit from a de-risked, high-quality asset.”