Showcasing the latest successful transactions in the specialist finance market
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5th June please contact beth fisher at beth@medianett.co.uk or megan goncalves at megan@medianett.co.uk for more information
developer exit loan £6.89M
Our developer exit loan is to an established UK developer and contractor operating predominantly in Surrey and the surrounding areas.
Our 60% LTV developer exit loan is secured on a newly finished development of 6 executive homes in Surrey. The properties are each c.2,800 square feet, boast 4-5 bedrooms, are finished to a superb standard and residents have access to a parcel of private woodland.
The developer had reached practical completion in September 2024 but needed more time to market and sell the houses. Our loan refinanced the existing development lender and provided an extra £275,000 to settle an outstanding CIL payment. A 15-month term will give them time to find suitable buyers for the properties without pressure and afford them the
best chance of achieving their desired price points.
Our borrower had faced delays during the build due to the completion of the incoming services, which in turn delayed the completion of the access road and landscaping works. These build delays meant they did not have enough time left on their existing development loan to market and sell the units.
We completed our loan in advance of all building control sign-off certificates being issued, as this would initiate payment of council tax on the house, and with a number of pre-occupation planning conditions outstanding.
The interest rate was 0.35% per month + BBR. As with all of Octane’s loans, the interest rate is variable, linked to the Bank of England base rate, meaning the client would benefit from a rate reduction in the event the base rate were to drop mid-loan term.
The loan was completed with a 1% arrangement fee and no exit fees. The deal was expertly packaged by Steve Bealing at ASC Finance for Business, who was integral in helping to drive it over the line.
From Octane, the loan was originated by Francesca Woodhouse, Senior Business Development Manager and underwritten by the Structured Finance Team.
The valuation was undertaken by Knight Frank and our lawyers were Daniel Baker and Seray Kitchingman at Weightmans.
Francesca commented: “We are delighted to have completed another bespoke developer exit solution for a highly regarded developer. This case underlines our appetite for large, complex loans, and our willingness to take commercial views when obstacles arise. Thank you to Steve and his team for choosing Octane and trusting us to deliver for your client.”
Francesca Woodhouse
MS Lending Group
MSLG CASE STUDY
January 2025
Loan size: £1.053m
Loan term: 12 months
LTV: 65%
Reason for the loan: Refinance of existing debt
Location: Manchester
Exit plan: Sale – clients have agreed a sale of £1,900,000 which is currently ongoing at legals.
Time to fund: 4 working days (Friday – Wednesday) Broker/borrower, or any relevant parties: Customer is a direct client, the deal was underwritten by Sam Bryce, and Graphene solicitors were used.
Rate: 1.05%
General transaction details: Our clients, who are direct customers and we have worked with previously were looking to raise funds against the property in Manchester in order to repay an existing commercial debt. Speed was of huge importance, so we were able to retype an existing valuation, instruct solicitors on the Friday and funded by the Wednesday. Taking a total of 4 working days from start to finish. This deal is a perfect example of MS Lending Group’s speed, reliability and flexibility.
Comments from parties within the transaction: I frequently choose MS Lending Group when I have an urgent finance, and I also need them to look at each deal on an individual case by case basis. The process of working with them is smooth, and not only are they great at getting the deal across the line, but they’re also knowledgeable and incredibly responsive throughout. I also know through experience; that no matter the deadline or urgency, they always deliver – Customer.
At MS Lending Group, often direct customers come straight through to underwriting as it helps speed up their process. They know our criteria, understand our flexibility, as well as our process. It also means the underwriting team get to know them as a customer so we can really help deliver the best solution for all.
Sam Bryce
Atelier finances north London care home
Loan size: £23.6m
Loan term: 30 months
LTV: 70%
Location: north London
Reason for the loan: 30-month development facility to assist with the conversion and refurbishment of an existing care home in north London
Exit plan: Sale
Rav Kudhail
Comments from parties within the transaction: This 30-month development facility to assist with the conversion and refurbishment of an existing care home in North London. We have provided a £23.6m development loan to support a repeat borrower by funding the conversion and refurbishment of a vacant purpose built care facility into a 119-bed care home.
This development loan follows the provision of a £9.8m bridge facility, which facilitated the acquisition of the site earlier in the year. We are pleased to work with our client, a UK-wide care home operator, on this third transaction to fund the conversion and refurbishment of an existing asset. When completed, the scheme will be operated by our borrower and will provide high-quality care accommodation in the area.
At Atelier, we are committed to providing competitive development finance solutions that are structured to deliver, including better Day One funding to get your project moving faster.
Whether your development is residential, student accommodation or care, we can help. Loans are available from £5m to £40m and are custom-built to match your ambitions.
Work with people as committed to your vision as you are, and discover better property finance, by design at atelierfinance.co.uk or call us on: 020 7846 0000
Atelier Capital Partners Limited is supervised for anti-money laundering purposes by the Financial Conduct Authority, under reference number 910090. Incorporated in England and Wales with registered number 11888767. Our registered office is 3-5 Rathbone Place, London W1T 1HJ.
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