Case study: Mortimer Street Capital completes £3.995m bridge on mixed-use development security
Original Article Summary
<p>The £3.995m loan is backed by assets with a combined market value of £6.7m, reflecting a 60% LTV structure.</p>
PropMatch Curated Analysis
Mortimer Street Capital and Recognise Bank completed a £3.995m bridging loan at 60% LTV for a Surrey developer, secured against mixed-use assets worth £6.7m. This demonstrates availability of bespoke development finance for complex multi-asset portfolios.
Investor Relevance
Shows SME developers can access bridging finance for complex mixed-use projects at reasonable LTV ratios. Indicates lenders' appetite for well-structured development deals with diverse asset backing, relevant for developers planning similar acquisitions or refinancing.
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