Funding for the property — which is currently valued at £1m and will be converted into a luxury residential property — was sourced in less than 10 days.
The interest rate is 10% with a first charge security on the property.
"The Camberwell project had only 37% LTV offering a double-digit interest rate of 10% gross per annum paid out monthly,” said Arya Taware, CEO at FutureBricks.
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“We are proud to have such high-quality deal flow on our platform.”
FutureBricks recently announced plans to achieve a loan book of £100m over the next two-and-a-half years and also intends to expand its operations into Germany.
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