"By removing the pressure of hard deadlines from previous lending and funding the remainder of the works, this structure lets them focus on quality and value, not speed"
- Iain Burke - Acre Lane Capital
Acre Lane Capital has completed a £2.6m facility in South West London, combining the refinancing of existing debt with a structured refurbishment loan to support the completion of an 8-unit residential development.
The loan, structured at 65% Loan-to-Value, was designed to give the borrower full control over the final stages of the project—offering the funding required to repay their original lender while also providing a £700k staged drawdown facility to complete the refurbishment works. In addition, the borrower was able to release equity via a £400k capital raise to support any additional working capital needs.
This bespoke facility means the borrower can now finish the project at their own pace, without pressure, and take the time to market the completed units on their own terms.
With the scheme already wind and watertight and floor screeding in place, the development is well advanced. The loan will support the remaining works, including second fix and final fit-out, while avoiding the constraints of an inflexible funding timeline.
Iain Burke, BDM at Acre Lane Capital, commented, "We designed this facility to give the borrower breathing space—not just to complete their development properly, but to maximise their exit strategy. By removing the pressure of hard deadlines from previous lending and funding the remainder of the works, this structure lets them focus on quality and value, not speed."
James Hedges, Associate at SPF Private Clients further commented, “Delighted to complete our first transaction with Acre Lane. The lending market for finish and exit products isn’t extensive, but Acre Lane provided a flexible and efficient approach, affording our client a refinance of his existing debt along with a development tranche to complete the scheme and exit. Iain Burke played a pivotal role in completing the transaction, and I look forward to working with him again.”
