The 12-month loan comes with a fixed, flat rate of 0.84% per month and is secured against a block of 27 apartments in Leeds.
Additional funds have also been built into the facility to support the experienced developer's onward projects.
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The complicated loan required constant communication from all parties to ensure completion to deadline.
Funding 365 senior underwriter, Krisha Karunananthan (pictured above), commented: “With larger development exit schemes like this, brokers who know how to efficiently package the deal and work through any hurdles to provide the best bespoke solution for the borrower make all the difference to its success.
“I always appreciate working with knowledgeable, proactive brokers and I look forward to collaborating with the LDN Finance team again.”
LDN finance director, Chris Oatway, added: “From start to finish the Funding 365 team were faultless.
“They demonstrated speed, efficiency and the highest levels of communication we could ever expect from a lender.”
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