The client developed 48 apartments and two commercial units, as well as a new park for the local community.

Adam Stiles, managing director at Helix Structured Finance, contacted HTB for the refinancing of the facility into a single 75% LTV loan, with a fast completion required.

The case was completed in four weeks from approval and two weeks after the professionals were instructed.

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The £21.1m covered a construction loan for the commercial element and development exit finance for the residential parts, with the proceeds able to be retained once the loan is deleveraged to 55% LTV.

The developer was able to avoid penalties and reduce its interest costs, plus gain valuable time to complete the commercial element and sell the residential units over 12 months to maximise profits on sales.

Alex Upton, managing director of development finance at HTB (pictured above), said: “This deal had the four Ts of development finance lending: top broker, top borrower, top property and just to emphasise, top broker again!

“When you tick all of those boxes, it doesn’t matter how big or complex the deal is or how fast it needs to be done, we can deliver.”