Mayfair continues to be one of the most sought-after areas for offices in the capital.

The lender chose to use a desktop valuation to reduce costs and time

LHV Bank offered a long-term financing structure without the need for personal guarantees to provide the borrower with the stability required to complete the acquisition.

The deal covered a varied range of assets worth over £34m

The site has planning permission for a residential scheme comprising 74 apartments and parking.

The £1.2 million bridging loan helped to support the fast purchase of a property by its existing tenant.

Hampshire Trust Bank has successfully provided a bespoke refinancing facility of £11.5m for a property comprised of 55 luxury apartments.

The transaction was successful despite several challenges, including an imminent loan expiry and wider economic uncertainties in the UK office market.