The scheme will deliver two three-bedroom homes on land set behind existing properties.

According to Blackfinch Property, this made careful planning and consideration for neighbouring homes especially important.

Blackfinch Property structured the 18-month loan to support both the site acquisition and the costs already in getting the project to this point.

The borrowers had a completion deadline that needed to be met to secure the opportunity, with Blackfinch working closely with the broker, borrower and wider professional team to deliver within the required timeframe.

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“The borrowers were exemplary throughout the process, and by working closely with the broker we were able to deliver a tailored funding solution that supported a timely completion,” said Phil Dart, investment director at Blackfinch Property.

“By taking the time to understand the details, Blackfinch Property was able to work closely with the borrower to keep momentum, while still maintaining the due diligence needed to support a well-structured loan.

“The result is a tailored funding solution that helped secure a time-sensitive acquisition and unlock the next stage of an exciting development.”