The 42-apartment London development secured funding at 70% loan-to-gross-development-value, enabling the project to proceed despite challenging market conditions.

The loan covers 70% LTGDV over a 15-month term.

The loan has a twelve-month term, giving the developer short-term liquidity to progress their programme

The project is structured over a 30-month programme.

Brook House Place will deliver 57 homes, including one-bedroom apartments and four-bedroom family houses.

The facility is worth £25m and supports over 30 student and HMO properties.

Homes in the development are priced from from £245,000 to £335,000 and are expected to achieve a minimum EPC rating of B.

Phase one of the development will deliver 14 units with a projected gross development value of £5.34 million.

UTB is providing £10.7m in finance, covering 65% LTGDV for both developments.

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