The 75% LTV light development loan was completed in just five days

The loan is the third deal between Secure Trust Bank Real Estate Finance and Bruckland Developments since 2020

£7.14 million facility will assist with the construction of 89 new homes in Esh Winning.

The bank provided a £16.3m residential development facility for the project, across a 15-month term.

The 60% LTGDV facility is for 18 months and is priced at a 5% margin

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.

Paragon Bank’s Development Finance division has exceeded £3bn in development finance lending following the acquisition of Titlestone in July 2018.

The seasoned developer required the facility to repay an existing development loan and raise an additional £225,000 for further investments.