The first loan to 4C Group, an existing Leumi client, will add £5m the group’s existing £75m term facility to support the holding of a 342-bedroom four-star hotel located in the City of London, known as Canopy by Hilton London City hotel.

Leumi UK has also approved a £6m bridge-to-planning facility secured against vacant property and land located in Camden.

The property was acquired by 4C Group in 2023 with Regal London appointed as the development manager for a mixed-use PBSA led scheme.

Al-karim Nathoo, CEO at 4C Group, said: “We have known James, Dan and the team for quite some time now, making Leumi one of our longest standing partnerships to date.

“The reason for this is their ability to creatively structure deals across different asset classes through cross-team collaboration, finding innovative solutions to meet our requirements.

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“Based on our experience with other lenders, this approach is anything but traditional, which is why we plan to continue working with them in the future.”

James Greenwood, hotel finance relationship director, at Leumi UK, commented: “The Leumi teams proudly back 4C Group, a highly regarded investor and operator that has an exceptional reputation across the industry of delivering and operating hotels across the UK.

“Working together with our property finance team, we have swiftly managed to get these deals over the line – only taking a month.”

Dan Whiteman, property finance relationship director, at Leumi UK added: “Although the hotel finance team had previously worked with 4C, this was our first collaboration with them.

“As such, deep sector knowledge and trust in the Sponsor's integrity and asset performance were crucial for successfully closing these deals.