Oblix Capital, the London based specialist property lender, has completed a £2.04 million development loan, helping fund the construction of 12 new-build apartments in Haywards Heath.
The loan itself was agreed on a 17-month term at an LTGDV of 63%, giving the developer time to construct and sell all 12 apartments.
This completion follows on from a consistent growth period for the lender having received nearly £50 million of applications in August – surpassing all previous monthly application records.
Andy Reid (pictured), sales director at Oblix Capital, said: “This latest completion typifies a very successful growth period for the company.
“We’ve been meeting the market demand with property finance that is equally agile yet reliable – forging some fantastic relationships with brokers and developers alike.
“A big thank you goes out to the exceptional team here at Oblix Capital, who have all been tirelessly pulling together and taking the business to new heights.”