The transaction was completed in just 12 working days from initial contact.

The £2m facility covers 100% of both purchase and development costs.

The deal completed at 70% loan-to-value with a 1.10% flat rate over 12 months.

Allsop’s June residential auction catalogue features 344 lots across the UK and will be held over the 25th & 26th of June, marking the firm’s largest catalogue of 2025...

The loan was arranged and submitted within four days.

The Lewes project will bring 52 new homes and seven commercial units to the area.

The loan from STB marks the second deal between the two firms and supports Prime Cities’ latest buy-and-hold move.

Allsop’s next residential auction will take place on 21st & 22nd May

This latest deal marks the fourth completed between Secure Trust Bank Real Estate Finance and Castleforge since 2019.

The office-to-residential conversion in Radstock helped transform underutilised space into quality homes.