The new development in Eastrea will feature a mix of two, three and four-bedroom bungalows and houses.

The deal faced multiple hurdles, including a 12-month completion period and a developer stepping up from a £1.6m GDV single-unit to a multi-unit scheme.

HREF has started 2025 with a number of significant bridging transactions and anticipates closing a further three deals totalling over £30m in the coming weeks.

The 75% LTV loan was executed within three weeks from valuation

Construction is expected to complete in Q3 2028 and will be one of the first PBSA developments in Canary Wharf.

The development will feature green homes built with locally sourced material

The loan enabled the borrower to refinance existing debt, consolidate financial commitments, and secure the necessary flexibility to elevate sales without undue pressure.

The borrower intends to complete the refurbishment in phases to ensure that each property is fully restored before being sold individually, thereby maximising the portfolio's overall...

The site has been developed to meet the growing demand for student accommodation, driven by the city’s two major universities

The project will provide a mix of accommodation across 9 houses in a suburban setting.