This facility will enable the refinancing of an existing lender and provide the borrower with additional time to complete property sales.
The 75% LTV bridging loan was executed in three weeks from valuation.
The development comprises four detached homes, including three newly built properties and one refurbished period house.
With two homes already tenanted and one sold subject to contract, the loan allows the borrower to market and sell the remaining units.
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Acre Lane provided the loan facility in under six weeks from start to finish.
Andy Gagan, BDM at Acre Lane, commented: “In this case, the borrower was working to a tight deadline and needed a fast, flexible funding solution to refinance their existing lender and allow time to complete sales.
“We tailored a solution to fit their specific needs, ensuring they had the breathing space to secure the best possible outcome for themselves.
“Completing the loan in just three weeks from valuation is a testament to our commitment to providing efficient and client-focused solutions."
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