The loan was the largest ever single bridge completed by Oblix Capital.
Rishi Passi, CEO, said: “A loan of this size would usually sit outside our remit, however, in this case it was too good an opportunity to miss.
“At Oblix Capital we only finance projects we truly believe in and would take on ourselves, and the client’s solid track record and commitment to the development led us to make an exception.”
Established in 2014, Oblix Capital was created by developers for developers as an alternative to traditional bank lending.
Last year it recruited an ex-Aldermore manager to become its head of credit.
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