Assetz Capital has finalised a £1.7m funding transaction for the development of five modern apartments in Ealing, South West London.
The construction phase is planned over a 12-month period, followed by a six month sales run-off and the funder providing up to 65% loan-to-gross-development-value (LTGDV).
The transaction was completed within four weeks of receiving valuation and monitoring surveyors’ reports.
Andrew Fraser (pictured), chief commercial officer at Assetz Capital, said: “This deal was introduced and exceptionally packaged by a well-known development finance brokerage.
“The speed of turnaround was crucial for both the broker and the borrower, and we are proud to have delivered this transaction in just four weeks.
“We remain dedicated to funding quickly and supporting opportunities not just in London but across all regions of the UK.
“In 2025, speed and certainty will continue to be vital for brokers, and Assetz Capital is well-positioned to deliver on both fronts.”
