The facility was structured over 14 months at 51% LTV, giving the borrower the breathing space needed to achieve full market value at 0.9% per month.

The deal involved six properties: four detached and two semi-detached.

Flexible funding was delivered pre-completion - "a rare move in the market."

The transaction enabled Cayuga Homes to sell some of the 33 apartments in the development with no early repayment charges, retain the rest, and release some equity.

The facility was offered at 9% and completed in three business days