The £909,000 facility has been used to assist with the development and completion of a pair of semi-detached houses in a sought-after area of Harpenden.

The developer required an agile funding solution after being unexpectedly let down by a previous lender mid-way through the build.

Recognising the urgency of the situation, LendInvest said it was able to step in quickly to ensure the project remained on track and avoided costly delays.

The lender structured the facility at 46% LTGDV over a 15-month term.

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Given the part-build nature of the site, the team worked efficiently to draw down the loan in June, with practical completion achieved in August.

Dan Lohn, relationship manager at LendInvest, said: “The team at LendInvest is committed to providing SME developers with the certainty and speed they need, especially when they are faced with unexpected hurdles.

“Stepping in to support this part-built project after the previous lender wasn’t able to accommodate the deal highlights our ability to move quickly, flexibly and decisively.

“We’re thrilled to step in and support this project and deliver on these two beautiful homes in such a lovely part of Harpenden.”