Aspen Bridging has completed a £450,000 facility to fund the final build stages of a Passivhaus development in Hertfordshire.
Having self-funded the development up to being wind and watertight, the developer required the funds in just six days from application to ensure building work continued as scheduled.
The client completed on Aspen’s stepped rate product at 0.59% per month over a 12-month term.
The case was introduced by Jamie Lloyd at Xcel Finance and handled by Aspen Bridging underwriter, Jamaal McKoy.
Jack Coombs, director at Aspen Bridging, said: “As always the team stepped up to the challenge, bringing together the developer, surveyor and legal teams in double quick time to cover all ramifications and deliver on the client’s requirement for a six-day turnaround.”