LendInvest stepped in after the developer's previous lender withdrew midway through the project, with the two homes reaching practical completion in August.

Pivot has completed a £1.3m development finance facility for a two phase residential scheme in Yeadon, Leeds.

The 18 month facility was completed at 57% LTV and enabled the borrower to acquire the site within a matter of weeks.

The acquisition was completed in less than three working days.

The loan represents 61% LTV against a combined market valuation of £2,475,000.

The commercial sales bridge was provided to support the redevelopment, which has a projected GDV of £65m. 

The south-west London development has a GDV of £80 million.

The £2m facility was completed at 55% loan-to-value.

The 12-month serviced loan was priced at a rate of 0.88% per month.

MERA has completed a £1,627,500 development exit facility to support the refinancing of a three-bedroom new-build house in Dalston.