In early 2019, Alpha Bank London completed a £4.8 million hybrid facility to finance the creation of six exceptional homes in Highgate - one of North London’s most desirable residential neighbourhoods.
The facility combined a land loan, development loan, and interest reserve, providing the flexibility needed to deliver a project of this calibre. With a Loan-to-Gross Development Value of 55%, rising to 60% upon completion and income generation, the structure was designed to support the development from acquisition through to stabilisation.
The homes themselves were conceived with a focus on quality and character, blending modern elegance with timeless design. Set within a leafy, sought-after enclave, the scheme offered residents a rare combination of privacy, prestige, and proximity to central London.
This bespoke solution enabled an experienced consortium to bring six beautifully designed homes to market during a period of multiple challenges including, COVID, rising interest rates, and deflating property values - it’s an investment that reflects Alpha Bank London’s commitment to supporting developments that combine architectural excellence with enduring value, and importantly working with clients to see through transactions .
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