Cambridge & Counties Bank has arranged a £2.05m loan for Fleet Street Properties Ltd, a London-based property developer and financial advisor, to facilitate the purchase of a central London office and support refurbishment work on a holiday let in Bideford, Devon. The funding comprises £1.6m for the Essex Street office purchase and £450,000 for the holiday property’s refurbishment.
The transaction, which was completed in under two months, highlights Cambridge & Counties Bank’s focus on supporting SMEs by offering bespoke lending solutions. Introduced by First Wealth Management Limited’s Imran Raja, the bank’s ability to structure one loan against two distinct properties proved key to completing the deal efficiently.
Andy Rowe, owner of Fleet Street Properties Ltd and Evolution Financial Services Ltd, commented: “The dedicated, hands-on support from Cambridge & Counties Bank for what has been a complex loan has been exceptional, particularly the rapid execution time.”
The four-storey central London property, located on Essex Street off the Strand, will become the new headquarters for Evolution Financial Services Ltd, a wealth management and protection provider. The refurbished holiday let in Devon, set on a six-acre riverside plot, will serve as collateral for the office purchase.
Stephen Parr, senior business development manager at Cambridge & Counties Bank, said: “This transaction underlines our ability to create bespoke lending solutions for both new and existing clients with a proven track record in property investment. As newly refurbished office assets in prime city centre locations hold excellent long-term value potential, this was an attractive lending opportunity. We were delighted to apply our expert knowledge to developing a loan structure around our client’s specific needs.”
