The two mews properties required refinancing from the existing lender.

Corey Dennis, senior broker at Arc & Co (pictured above, right), and Peter Beaumont, director at Stamford Finance (pictured above, left), advanced the bridging facility for the borrower at 75% LTV.

The objective is to enable the client to preserve their equity in the property, while providing additional time to achieve a successful sale.

Anderson Wilde and Harris carried out the valuation reports for the transaction and Stamford Finance was able to use the existing valuation report.

The nine-month loan is the largest for Stamford Finance to date.

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Corey commented: “It was important to carefully manage the incoming and outgoing lender dynamics in this case, and we ensured that we arrived at the best outcome for the borrower.

“High value units in central London are not readily supported by lenders, especially not above 70% LTV, but Stamford Finance really came through on their promise of being a lender that can take a pragmatic view when it comes to increased leverage.”

Peter added: “We remain committed to supporting the ever-changing bridging and development market in the UK.

“Every borrower requirement is different and working alongside a brokerage as proactive as Arc & Co gives us the chance to be able to showcase what we are capable of doing as a private lender, exercising pragmatism and flexibility alongside speed of execution.”