The funding covered a shortfall of over £2.2m, including SDLT, after a family gift was withdrawn.

The facility allows the client to implement a long-term asset management strategy in the first year.

The auction property was purchased for £100,000, with a 10% deposit at stake.

The Sunderland development covers 9,000 sq ft, with a final GDV exceeding £1.7 million.

The loan is structured over an 18-month term with a six-month extension option.

The funding supports up to five new office schemes under review across the South East and around Stansted Airport.

The refinance secured a five-year fixed rate of 5.89% with no loan documents required from international shareholders.

The £3.995m loan is backed by assets with a combined market value of £6.7m, reflecting a 60% LTV structure.

The development will deliver 10 homes, including six restored from 16th and 17th-century buildings and four timber-frame new builds.

The funding structure includes recycling £200,000 of sales proceeds and deferring part of the developer’s equity contribution into construction.