The senior loan to Development Capital London — a JV partnership between property development company Bodker & Co and architectural and design studio Echlin — was agreed at 63% LTC over 24 months and will fund the acquisition and planning process.
The properties totalling 23,377 sq ft were sold to the JV by a rehousing charity for women in need, which is relocating its accommodation.
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The luxury residential project will benefit from access to garden squares with characterised period architecture and original features.
Chris Bodker, founder of Bodker & Co, said: “With clever design, substantial refurbishment and restoration, we plan to create beautiful living spaces in these elegant buildings.”
Elliot Blatt, investment manager at ASK, added: “[This JV] has a track record in delivering luxury residential properties and I’m confident the same will be achieved here.”
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