Together DEAL OF THE MONTH
Loan size: £10m
Loan term: 12 months
Loan type: First-charge unregulated bridging
LTV: 33%
Reason for loan: Refinance existing debt and use it in their next investment opportunity
Exit plan: Sale of a high-end £25m residential property
Broker/Borrower/Relevant parties:
• Approached by a broker to support their developer client, we provided a £10m unregulated bridging loan* secured on a stunning £25m home previously rented out to a Premier League footballer. The client was coming to the end of a five-year fixed-term with their current lender and didn’t want to be locked into another long-term deal, as they were confident the asset would sell.
• The loan allowed the client to access the funds tied up in the property to pay off existing debt and put capital towards their next development project whilst they waited for the property sale to complete.
Comment from BlueChip Financial:
“I was approached by another well-established commercial broker to place and package this loan for their client. Our experience and lender contacts for large loans are strong, and having worked closely with Together for many years, we felt this was the perfect home for the loan facility required. All stakeholders were delighted with the service and outcome”.
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* Together will lend from £26,000 to £5m on unregulated bridging loans, and higher by referral, where we take a common-sense approach to lending decisions.
Atelier
60 APARTMENTS IN LONDON
Loan size: £12.4m
Loan term: 18 months
LTV and/or GDV: 66%
Reason for the loan/loan use: Office-toresi conversion into 60 apartments
Exit plan: Refinance
Rav Kudhail, lending director at Atelier: commented:
“This is a new borrower relationship, and we worked with our client to execute this transaction in four weeks from enquiry to completion. We supported our borrower through the bidding process and provided a net advance that secured the site and structured the facility to ensure completion within the tight timeframes.”
Rajiv Nehru, CEO at Lotus Living, commented:
“As a first-time partner, the Atelier team impressed us with their speed and professionalism, delivering development funding with exceptional execution that supported our project’s timely progression.”
Nick Swerner, director at GLPG, commented:
“We were delighted to close this transaction with Atelier, who contributed significant senior leadership time on their side to make the transaction meet the tight transaction times. Atelier showed significant commerciality to reach mutual conclusions when hurdles were presented, and we look forward to working with the team again in the future.”
Rav Kudhail
Atelier provided a £12.4m development loan to fund the conversion of a former office building into 60 high-quality residential units and two existing groundfloor commercial units. We were able to deliver 90% day-one LTV/LTC, providing a net advance of £5.85m towards the site acquisition, which assisted the borrower in a fiercely competitive bidding process. The developer is focused on delivering sustainable, well-designed residential developments across London.
Conversion of an office building into 60 studio apartments in Streatham, London
Time taken to complete
We worked with our client to execute this transaction in four weeks from enquiry to completion.
Broker/borrower, or any relevant parties involved Rajiv Nehru, CEO at Lotus Living Nick Swerner, director at GLPG
Office Resi Conversion Streatham
Multi-million pound packagefinance
Cambridge & Counties Bank has provided a bespoke, multi-million-pound funding solution to support the strategic expansion of the Rossington Hall Group of Companies. The facility enabled the acquisition of Rossington Hall and its surrounding 150-acre estate in Bawtry, South Yorkshire, a prestigious luxury wedding and conference venue with a strong operational foundation and established customer base.
This latest transaction builds on a longstanding relationship with experienced property investor Jason Cooper, who has worked with the Bank across multiple ventures since 2014. It follows a recent refinancing of another group asset, completed in just seven working days, a testament to the Bank’s ability to fast-track funding where appropriate.
Jason Cooper commented:
“This is a strategic acquisition that builds on the successful hospitality offering Craig Dowie and I have created, allowing us to launch The Crown Bawtry Collection. Cambridge & Counties Bank understood our vision from the outset and moved quickly to make it happen. Their relationship-led approach and ability to deliver at pace made all the difference.”
Rossington Hall joins the group’s existing portfolio, which includes The Crown Hotel, Bawtry and the award-winning Bawtry Hall, bringing together accommodation, events, and leisure under one brand. The estate also offers office accommodation for local businesses and secure parking, with future plans under consideration for the wider parkland.
Marco Brice, head of direct business at Cambridge & Counties Bank, added:
“We’re proud to support Jason, Craig, and the Rossington Hall Group once again. This deal is a prime example of our tailored lending mod- el and values in action, combining speed, flexibility, and deep understanding of both the property and the customer. Completing the earlier Crown Hotel Bawtry deal in just seven working days was a standout moment, paving the way for this exciting next step.”
Marco Brice
Lender: Cambridge & Counties Bank
Client: Rossington Hall Group of Companies
Loan Type: Commercial investment finance
Purpose: Acquisition of Rossington Hall and Estate
Location: Bawtry, South Yorkshire
Structure: Bespoke multi-loan facility
refurbishment loan completed in six weeks £4.9M
Octane offered a bespoke solution to allow an investor to purchase and develop a multi-unit freehold block in West London, comprising two flats.
Octane’s lend – split across two loans – provided 80% LTV day one towards the purchase, plus 100% of their development costs. It also allowed the developer to apply for planning permission mid-loan term, with flexible funding to cover any additional build costs should planning be obtained.
If granted, the planning applications would allow the
developer to re-configure the existing flats to create larger, duplex apartments, and to create additional outdoor space by adding a roof terrace, side and rear terraces.
By using an additional security property—a penthouse apartment in a new-build development in Farnham—Octane were able to deliver an aggressive day-one LTV.
Crucially, the developers were permitted to start their build programme and commence drawdowns prior to the planning outcome—but with additional funding agreed, should planning be granted and their build costs increase. Octane’s refurbishment loan was priced at 0.75% per month (BBR linked), and the bridging loan on the makeweight security was priced at 0.72% per month (BBR linked). Both loans were structured with a 1.5% arrangement fee and no exit fees. The deal was originated by Justin Cooper, senior business development manager, who worked closely with James McGregor of P10 Financial, Octane’s introducing broker. It was underwritten by Jamie Oxley, Octane’s senior structured finance manager. The valuation for Octane’s refurbishment loan was completed by Savills, and no valuation was required on the additional security property. Legal work was completed by Paul Cain at Lansdowne Law.
Justin commented:
“This was a perfect scenario. A high-end developer with an excellent track record, a broker firm that knew absolutely every detail about the borrower and his project and a lender that was able to structure a fully flexible, bespoke proposal that worked for all parties. Jamie worked seamlessly with our professionals to ensure that everything was completed in quick time, proving that coming to the right lender for deals such as this is an essential part of the advice process.”
Justin Cooper
Two-day completion
Loan size: £90,000
Loan term: 12 months
LTV: 75%
Reason for loan: Funding to secure the purchase of a new residential investment property
Location: Leeds
Exit plan: Retain and refinance the asset as repayment
Time to fund: Two days
Broker/Borrower/Relevant parties: Relationship manager Tom Herbert, Underwriter Mike Watson, Processor Rubie Downes.
This deal was introduced by Commercial & Business after our sales director, Jamie Pritchard, delivered a webinar on our product and service offering. They sent through the application on Wednesday, and we funded it on Friday. A true example of our speed and efficiency at MS Lending Group.
Our client required £90,000 towards a residential investment in Leeds, secured for £120,000 on the open market. We provided a 75% LTV loan supported by an AVM valuation with strong confidence.
Although the property needed some attention, it offered fantastic potential. The borrower is investing £31,000 of their own funds to give it a full refresh, including a cellar conversion to add extra space. With works expected to be completed in 8–10 weeks, the plan is to refinance and hold the property as a longterm rental.
As always, this deal reflects our ability to provide reliable funding that gets our clients moving, saving them time and money!
“During Monday’s Optimum Elite webinar, I was sharing real examples of how we complete fast and mid-session, a broker sent me a live enquiry. Their client needed to purchase that same Friday. We discussed it there and then, and by Wednesday, after a bit of negotiation between buyer and seller, the application was in. The team moved fast and worked seamlessly with our professional partners at MSB to get it completed by Friday. A brilliant example of words backed by action and a great showcase of what MS Lending Group is all about.” – Sales director, Jamie Pritchard.
The Ask
A broker approached us with a client who’d received a competitive offer from a high-street bank, but wasn’t convinced it could deliver what the client really needed.
This wasn’t a simple one-off loan; it involved multiple drawdowns, property works, and specific timings.
The clients were seeking £550,000 to repay a tax bill, purchase a plot of land for their future main residence, acquire a second development site for an investment build, and complete home improvements on their current property to increase its value ahead of sale.
The broker needed a lender who could not only match pricing but also provide a structured and staged funding solution that would work seamlessly for the client’s plans.
The Challenge
The borrowers required several pre-approved drawdowns so they could access funds at specific points in their project, including to fund works on their existing home before it was placed on the market. Timing and certainty were crucial as any delays or re-approvals would have disrupted both the refurbishment
and the planned land purchases, so the broker needed a lending partner who could commit to that structure from day one.
The Fix
We issued full credit-backed terms the same day the enquiry was received. The offer confirmed approval for the planned use of funds and included a pre-agreed drawdown schedule tailored precisely to the borrower’s requirements.
Our team worked closely with all parties to agree on competitive pricing and, crucially, to give upfront certainty around the use of funds and timing of each release.
In 8 weeks of terms being issued, we delivered a regulated second charge bridging loan, priced at 0.90% per month with a loan-tovalue of 53%.
The Benefit
The regulated bridging loan gave the clients the immediate capital they needed to clear their tax bill and begin refurbishment works on their home, improving both its saleability and value ahead of the planned sale. With drawdowns already approved, they were also able to complete the purchase of the two new plots of land, meeting every objective set out at the start of the process.
Time taken to complete: 8 weeks from application to completion
Rate : 0.9%
Loan size: £550,000
Loan term: 12 months
LTV and/or GDV: 53%
Reason for the loan/loan use: Repay a tax bill, purchase a plot of land for their future main residence, acquire a second development site for an investment build, and complete home improvements on their current property.
Exit plan: Sale of current residential (already on the market)
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