Secure Trust Bank (STB) Real Estate Finance has provided a £4.5m residential property investment loan to the Norwegian Church to refinance a portfolio of 11 apartments behind St Olav’s Church in Rotherhithe, London.
The five-year loan was agreed in April 2025, after the apartments reached practical completion in March 2025.
The development was first approved in 2022.
The portfolio includes five one-bed, five two-bed, and one three-bed apartments, all of which are now occupied.
The scheme consists of a four-storey mixed-use building, with apartments on the upper three floors.
The ground floor and part of the first floor are leased to the Norwegian Church for ancillary use.
Michael Chakli, relationship director at STB Real Estate Finance, led the deal.
Bob Bratland, co-founder of Danehurst Developments Ltd, acted for the Norwegian Church.
Bratland said: “We have been very impressed with the team at Secure Trust Bank with whom we have developed an excellent working relationship, and whose efforts ensured that this transaction was completed without any issues.
“It is the second transaction I have done with Secure Trust Bank and its service and expertise is second to none.
“Thanks to the team’s hard work, we were able to complete the deal within the necessary timeframe and now look forward to welcoming tenants to their new homes.”
Chakli said: “It was a real pleasure to have played a crucial role in refinancing the 11 contemporary apartments at St Olav’s.
“This sort of property finance is one of our specialties, so we were keen to be involved with this.
“Following the completion of this project, we hope to continue developing a strong relationship with Bob and the team in the future.”
