The deal combined the refinancing of existing debt with a structured refurbishment loan to support the completion of an eight-unit residential development.

The loan, structured at 65% LTV, was designed to give the borrower full control over the final stages of the project — offering the funding required to repay their original lender while also providing a £700,000 staged drawdown facility to complete the refurbishment works.

In addition, the borrower was able to release equity via a £400,000 capital raise to support any additional working capital needs.

With the facility, the borrower can now finish the project at their own pace.

With the scheme already wind and watertight and floor screeding in place the loan will support the remaining works, including second fix and final fit-out, while avoiding the constraints of an inflexible funding timeline.

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Iain Burke, BDM at Acre Lane Capital commented, "We designed this facility to give the borrower breathing space — not just to complete their development properly, but to maximise their exit strategy.

“By removing the pressure of hard deadlines from previous lending and funding the remainder of the works, this structure lets them focus on quality and value, not speed."

James Hedges, Associate at SPF Private Clients further added, “Delighted to complete our first transaction with Acre Lane.

“The lending market for finish and exit products isn’t extensive, but Acre Lane provided a flexible and efficient approach, affording our client a refinance of his existing debt along with a development tranche to complete the scheme and exit.

“Iain Burke played a pivotal role completing the transaction and I look forward to working with him again.”