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.

The loan marks the bank’s second deal with Maven Capital Partners

The lender chose to use a desktop valuation to reduce costs and time

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

The project is expected to take between 6 and 9 months to complete, with the 18-month loan term allowing ample time for this and the subsequent sale.

LHV Bank offered a long-term financing structure without the need for personal guarantees to provide the borrower with the stability required to complete the acquisition.

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

The client, having reached borrowing limits with other providers, sought a funding partner that could structure a solution suited to their complex portfolio and governance...

The development will feature green homes built with locally sourced material