A rise in housing transactions is offsetting a slowdown in commercial property deals, according to Octane Capital.

Funding was structured in two stages, covering pre- and post-planning approval work.

UK commercial real estate lending reached £22.3 billion in H1 2025, 33% higher than last year.

The £1.2 million facility was structured on a five-year fixed, interest-only basis at 70% LTV.

The Bedford Row offices cover more than 27,000 sq ft across three Georgian townhouses.

Rates start from 6.69% for semi-commercial properties and 7.44% for commercial properties.

The office building has achieved 33% occupancy with Revolut securing four floors on a 10-year lease.

The loan facility will support the borrower’s ongoing asset management ambitions.

OakNorth and Broadwood have completed over £70m in senior back leverage transactions to date.

So far this year, HREF has backed property developments across 10+ UK and Ireland locations.