Aspen has recently reduced its heavy refurb rate to 0.78% 

HTB is also working with the borrower on a separate funding facility for a residential scheme in central London.

The bridging loan will support plans for a new Hertfordshire co-living development.

SKDA has completed a complex £1.5m portfolio bridge, with 18 in-person valuations in cooperation with the exit bank, saving the developer both time and expense.

The deal was structured alongside an existing land loan supporting future phases.

The scheme includes the full refurbishment of 18 existing apartments.

The lender structured the deal with a 70% LTV to refinance the existing loan.

The loan represents 60% of the £2.75 million gross development value of the property.

The 9-month bridge loan is Stamford Finance’s largest to date.

United Trust Bank (UTB) Structured Property Finance has announced that it has successfully completed a complex £5m commercial bridge on an £8.4m newly refurbished...