London Credit has completed a tailored development finance facility to support the transformation of a former commercial property into a mixed use scheme in South West London.

The borrower, a returning client with a strong track record in residential development, secured the loan to refinance an existing facility and progress construction of six new homes and a retained commercial unit.

The project carries a gross development value of approximately £4 million.

The lender structured a facility at 70% loan-to-value, with funding in place to cover up to 90% of the remaining project costs, capped at 70% of loan-to-GDV.

The bespoke package covered planning and build phases and took into account site-specific complexities, enabling the developer to maintain momentum without delays.

The project is typical of the kind of compact, high-value development opportunities increasingly seen in London’s fringe locations, where experienced operators look to unlock value in underutilised commercial stock. According to London Credit, their involvement in this case was underpinned by an emphasis on speed, transparency and direct engagement.

The lender’s credit team visited the site and worked closely with the developer’s legal and professional advisers. The collaborative approach, including fast-tracked valuations and clear communication, was key to progressing the transaction efficiently, the firm said.

“This was a strong, well-thought-out scheme with a developer we already knew and trusted,” said Marios Theophanous, credit manager at London Credit.

“They came to us for a funding solution that matched their pace and ambition, and we were able to deliver exactly that.

“The project had a number of moving parts, so clear communication and a hands-on approach were paramount. By spending time on-site and working closely with the borrower, we helped ensure the right decisions were made early on, keeping the build progressing effectively.”