The facility was issued at 65% LTV on a 16-month term with a flat rate of 0.78%.

Heavy refurbishment loans have been reduced by 72bps to 0.83% pm at 80% LTV.

The deal was completed on Aspen’s Flat Rate at 0.87% over 12 months, while the exit will be achieved through the sale of the property.

The deal was completed on Aspen’s stepped rate at an initial 0.55% over a 10-month term.

Exit will be achieved through the sale of all six units

The latest agreement from Aspen helped the applicant to cover an existing finance agreement, recommencement of works, and further drawdowns.

The latest deal marks another high-end completion for the lender, further cementing its reputation in London’s super-prime property sector.

Aspen Bridging recently launched its 2025 rate card with reductions of up to 80bps for all new applications and a higher maximum loan size of £15m net.

Exit will be achieved through a buy-to-let mortgage.

The announcement of the new product follows last week's launch of the lender's 2025 rate card.