The funds were mutually formed through the exit fee of a recent loan facility, in relation to a development, to be delivered by MCR Property Group.

Both companies agreed to reduce the loan exit fee by £100,000 as part of the charitable donation, which will be split between charities based in Pakistan, Lebanon, as well as the UK.

A large portion of the fund will be used to support several to charities providing relief to flood victims in Pakistan.

A contribution has also been allocated to facilitate healthcare and support for the elderly in Lebanon in the wake of the terror attack in Beirut in 2020.

In the UK, meanwhile, a donation has been given to We Love MCR, a Manchester-based charity supporting local communities and young people.

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Ned El-Imad, partner and co-founder of London Wall Lending, said: “Our excellent relationship with MCR Property Group has enabled us to make this charitable donation of what we hope is a figure that will make a considerable difference.

“We would like to thank MCR Property Group for its help in enabling this fantastic opportunity to raise £160,000 for charitable causes that mean a great deal to both teams.”

Aneel Mussarat, CEO and founder of MCR Property Group, added: “As a business we have always helped support fundraising initiatives and have made many donations to great causes over the years.

“We hope this unique settlement with London Wall Lending will encourage more real estate and lending organisations to participate in similar charity projects and help those in need.”