This will deliver eight residential units and two commercial units, helping to regenerate a local high street.

The transaction marks a new relationship between HTB and the borrower, with P10 Financial Group introducing the two.

The facility required a structured approach to accommodate a planning gain delay and support the borrower as the project evolved, including early-stage challenges around contractor engagement.

HTB worked closely with the broker and client throughout, adapting the structure as required to reflect the evolving nature of the project and ensuring it could progress despite delays.

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“The project evolved as it progressed, and it was important that the funding reflected those changes while maintaining certainty for the borrower,” said Sarah Dix, lending director at HTB (pictured above).

“By working closely with the broker and client, we were able to support the development through those challenges and keep it moving forward.”

Jack Grey, associate relationship manager at P10, added: “This is a longstanding client relationship, and the project required a lender that understood both the scheme and the client’s objectives from the outset.

“While the development presented challenges, a collaborative approach between lender, adviser and borrower ensured these were worked through and the facility remained aligned to the needs of the scheme.”