The loan covered three commercial properties in close proximity on the main high street in Ilford, West London.

The bank's commercial investment helped the client refinance an existing loan facility on a large office building in Ashford, Kent.

The borrower was a repeat customer who had borrowed from Hilco the previous year and this loan was against another asset in the borrower’s portfolio.

The lender recently completed a £1.3m refinance loan on a large MUFB development in London within 9 hours of issuing the offer.

The borrower plans to redevelop an exclusive Grade II Listed townhouse on super-prime residential location, South Audley Street.

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.