The 12-month facility at 60% LTV enables the borrower to undertake preliminary design works relating to pre-development improvements on the property.
The asset is planned be let to a high-end hostel operator on a long-term lease.
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Jonathan Hitter, CIO at Blue Shield Capital, said: ‘This transaction once again highlights Blue Shield Capital’s continued commitment to delivering fast, flexible, and bespoke funding solutions, particularly for complex building projects.
“As we move through 2026, we remain committed to supporting our borrowers with tailored capital solutions that enable them to execute with confidence and certainty in an evolving market environment.”
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