Shojin Property Partners has completed a £23.59m whole loan facility for International House, Ealing, marking its largest transaction to date.
The six-month acquisition bridge supports the conversion of the West London office building into residential use, with planning consent already secured for 148 units.
The facility was structured as a whole loan across senior and mezzanine tranches, delivered within a single coordinated arrangement.
This approach provides borrowers with single-source execution while maintaining competitive pricing across the capital stack. Shojin said the transaction demonstrates its ability to deliver comprehensive development finance solutions.
Jatin Ondhia, Shojin CEO, said: “This transaction demonstrates our capability as a comprehensive development finance provider. We can now deliver whole loan solutions that streamline execution for borrowers while expanding investor access to larger, more complex opportunities.”
Shojin has combined institutional and retail capital to deliver the funding, maintaining investor access to institutional-quality development finance. The asset, located 15 minutes from Central London via the Elizabeth Line, benefits from strong transport links and planning approval for residential conversion, aligning with demand for new housing in connected urban locations.
The transaction incorporates a dual exit strategy, either through asset sale following planning approval or refinancing into development finance, highlighting Shojin’s ability to structure complex bridge solutions using institutional capital partnerships.
