Acre Lane Capital has completed a £2.6m facility in South West London to support the final stages of an 8-unit residential development. The deal, structured at 65% LTV, combines refinancing of existing debt with a staged refurbishment loan and equity release.
The borrower used the facility to repay their previous lender, access a £700k drawdown to fund completion works, and raise £400k in equity for working capital. The loan provides flexibility, allowing the project to be completed at the borrower’s own pace without the constraints of rigid deadlines.
With the development already wind and watertight and floor screeding in place, the funding will support second fix and fit-out stages. Crucially, the borrower can now focus on quality and timing their exit strategy to market conditions, rather than being driven by the expiry of previous finance.
Iain Burke, BDM at Acre Lane Capital, said: “We designed this facility to give the borrower breathing space—not just to complete their development properly, but to maximise their exit strategy. By removing the pressure of hard deadlines from previous lending and funding the remainder of the works, this structure lets them focus on quality and value, not speed.”
James Hedges, associate at SPF Private Clients, added: “Delighted to complete our first transaction with Acre Lane. The lending market for finish and exit products isn’t extensive, but Acre Lane provided a flexible and efficient approach, affording our client a refinance of his existing debt along with a development tranche to complete the scheme and exit. Iain Burke played a pivotal role completing the transaction and I look forward to working with him again.”
