The development exit loan was structured with a short 12-month term to align with the anticipated rapid sales of the properties.

The lender completed the loan for an experienced property developer in just 12 days.

The funding comprises a £7m acquisition bridge, provided by specialist lender Octane Capital, and a £2.3m VAT loan from Adsum

The seasoned developer required the facility to repay an existing development loan and raise an additional £225,000 for further investments.

The deal was completed on Aspen’s Stepped Rate, starting at 0.59% per month over 10 months.

The latest transaction for Tuscan was part of a record-breaking first half of 2024 for the lender

The £85 million investment loan for Author King’s Cross is the first for Related Argent’s build-to-rent portfolio, following previous construction loans.

The deals were originated by Raf Chowdhury, who was assisted by analyst Max Brady

The case was introduced to HTB by LEXI Finance and was subject to tight timescales.

The deal was completed within 10 working days of obtaining credit approval