Onozzi has arranged a £9m development loan to help deliver a £30m residential scheme overlooking the Old Course at St Andrews.
The project will see four luxury townhouses built beside the Swilken Bridge, with prices starting at £7.25m each.
Knight Frank is marketing the homes to high-net-worth buyers from the UK and abroad.
Onozzi designed a lending solution that consolidated security across all four titles, backed by director guarantees.
Shawbrook was brought in as the funding partner, with a 24-month loan covering 18 months of construction.
This is expected to ensure the homes are finished well before The Open returns to St Andrews in 2027.
Brian O’Neill, principal broker at Onozzi, said: “The planning journey has been extensive and highly complex, requiring years of collaboration with heritage specialists, architects, planners, engineers and legal advisors.
“The result is a carefully considered scheme that both complements its surroundings and honours the historic and cultural significance.
“By structuring a solution where others couldn’t, we’ve helped the client secure the funding needed to bring these exceptional homes to life in the most iconic location in world golf.”
Douglas Spowart at Shawbrook said: “This development gave us a unique opportunity to fund a site of real historical and cultural significance – but it came with its own complexities.
“Our team here at Shawbrook were able to address these head-on and deliver a practical solution, which met the client’s exact funding needs.
“Through close collaboration with Morton Fraser, Thorntons, Graham & Sibbald, Hardies, and Onozzi, we have been able to successfully help the client, Athole Ried, on their journey in creating a landmark piece of history at this unique and very special development site.”
