The service was used to acquire a residential three-bedroom end-terrace house which will be refurbished and placed on the rental market.

The returning customer repaid their incumbent term lender without penalty while raising funds to purchase their next site.

The deal involved eight titles, requiring a carefully structured approach to keep progress on track.

Loan structured at 65% LTV over a nine-month term.

Funding was structured in two stages, covering pre- and post-planning approval work.

Initial bridge rate was 0.89% for six months, followed by 6.74% over two years for the BTL period.

The profit margin on the transaction was set at 2.75% with an FTV of 55%.

The development will deliver 487 co-living units, a 110-key hotel, and a new pet hospital.

In July this year, Ortus Secured Finance supported the refinance and redevelopment of Dumbleton Hall Hotel, a Grade II listed country house in the Cotswolds.

The bank has provided £22.6 million to fund Union Property’s Glasgow Citi View PBSA development.