£2.8M Development Exit Loan. Delivered in just 4 weeks.
Overview
A long-standing client approached London Credit immediately prior to the Christmas period, requiring a £2.8m development exit loan. The security comprised a newly completed residential scheme consisting of nine apartments (a mix of one- and two-bedroom units) along with two ground-floor office units, located in Harrow.
The transaction was highly time-sensitive, with the client requiring completion within a 3–4 week timeframe. The borrower selected London Credit based on our proven ability to act decisively, structure pragmatic solutions, and deliver within compressed deadlines.
Key Loan Terms
£2,808,000
67%
12 months
New-build residential block comprising 9 apartments and 2 ground-floor office units, Harrow
Refinance of development facility following scheme completion
What Made the Case Interesting?
The transaction combined the complexities of development exit funding with a demanding pre-Christmas timetable. Maintaining momentum during a traditionally challenging period required early identification of potential issues and a proactive underwriting approach.
Solution
London Credit’s in-house Underwriting team worked closely with all parties to anticipate and resolve potential challenges early in the process. By adopting a pragmatic and commercially focused approach, we ensured the transaction progressed smoothly and completed within the required timeframe.
The loan completed on schedule, enabling the client to exit their development finance without delay and move confidently on to their next project.
Client Feedback
"Thank you to everyone involved. You have all been amazing, great effort, now on to the next one."
