Southern Grove is developing the 111-bed, £36m GDV scheme in a joint venture with Falco Group.

The 65% LTGDV facility enables the delivery of 5 high-end units a stone's throw from one of the best beaches in the UK.

The British bank gained regulatory approval in early 2015, and was founded by entrepreneurs Rishi Khosla and Joel Perlman.

The loan was completed in 21 days from credit approval

Due to its size and complexity, the case was presented to the Transactional Credit Committee.

Valuations for the transaction were undertaken by Knight Frank, and legal due diligence was provided by Trowers & Hamlin in London.

The deal involved leveraging one of the most notable classical villas in southern Spain.

Despite challenges such as material and labour shortages, the deal was completed in just 17 days.

The portfolio included a mix of HMOs, purpose-built flats, converted units, and terraced houses.

The South London scheme comprised 9 homes with a predicted gross development value of £6.7m