The facility was arranged for Built With a View Limited, a developer with experience in delivering residential schemes in and around Essex and Hertfordshire.

The loan is secured against three newly built executive homes and allows the borrower to release capital to help fund the purchase of a new plot for a future scheme.

The case was introduced by Patrick Coughlan, co-founder and director of Align Property Finance Limited, and completed by Recognise Bank’s lending team to meet the borrower’s time-sensitive funding needs.

The loan was completed at 75% LTV on a 12-month term.

The funding provided the developer with the liquidity needed to continue their programme after other routes proved less suitable.

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Paul Bagan, senior lending manager at Recognise Bank (pictured above), said: “This was a strong case from a capable developer who knows their local area well. They wanted to move ahead with their next site and needed capital at pace to do so.

“We were able to assess the completed homes quickly and step in with a clear, practical facility that met their plans.

“Patrick made the client’s plans easy to understand and played a key part in keeping the deal on track.”

Patrick added: “This was an important deal for the developer, and Recognise Bank understood that from the outset.

“Paul and the team were responsive, engaged and focused on getting the job done. Their approach made a real difference to the client, who can now push forward with their next project.

“It was a smooth process and a positive outcome for everyone involved.”