£2.6M Refurbishment– South West London
The borrower needed to refinance an existing development facility while also funding the remaining works to complete an 8-unit residential scheme.
Overview
We completed a £2.6 million facility in South West London, combining the refinancing of existing debt with a structured refurbishment loan to support the completion of an 8-unit residential development.
The Challenge
The borrower needed to refinance an existing development facility while also funding the remaining works to complete an 8-unit residential scheme. Their prior facility had reached its limit, but the project still required a significant second-fix and fit-out phase before going to market.
Our Solution
Acre Lane Capital provided a £2.6 million loan, structured at 65% LTV, which combined an initial drawdown to repay the existing lender and a £700k refurbishment facility released in monthly tranches. This allowed the borrower to manage their cash flow effectively and focus on delivering a high-quality finish.
The Outcome
✔ Full refinance of previous development lender
✔ Refurbishment funding structured around project timeline
✔ Flexibility to complete without sales pressure
✔ Borrower now positioned to exit on their own terms
Why This Matters
By combining debt consolidation and refurbishment finance in a single facility, Acre Lane Capital allowed the borrower to maintain momentum, reduce financial pressure, and prepare for a successful exit through unit sales—on their terms, not the lender’s.
Broker Comments
Delighted to complete our first transaction with Acre Lane. The lending market for finish and exit products isn’t extensive, but Acre Lane provided a flexible and efficient approach, affording our client a refinance of his existing debt along with a development tranche to complete the scheme and exit. Iain Burke played a pivotal role completing the transaction and I look forward to working with him again.