Development Exit Facility - Leyton, London. (0.95% pcm / 65% LTV)
Overview
Aura Capital was mandated to deliver a strategic refinance to facilitate the borrower’s exit from an existing bridging facility, following a successful refurbishment and conversion of a freehold home in East London.
The client had significantly uplifted the asset value through works completed under permitted development. While all building control approvals were in place, the onward purchaser required a Lawful Development Certificate (LDC) for the attic conversion as a condition of completion. With a new development opportunity already underway, the borrower required fast and frictionless liquidity.
Aura Capital structured and executed a funding solution based on the enhanced post-works value, while accommodating the planning regularisation timeframe. This enabled the borrower to refinance without delay, satisfy onward sale conditions, and efficiently release capital for continued investment deployment.
Security & Facility Summary
Asset Semi-detached freehold residence
Location East London
Value £750,000 (post-works)
Condition Fully refurbished
Product Bridging Finance (Unregulated)
Charge First Charge
Loan Amount £380,000
Interest Fully retained
Term 12 months (3-month minimum)
Valuation No valuation required
Searches No-search indemnity utilised
Lender Private family office funding line
Why Aura Capital
Expert planning navigation – Funding delivered despite absence of LDC at completion
Cost efficiency – No valuation required and no-search indemnity accepted
Discreet private capital – Underwritten at pace with minimal procedural friction
Investor-first structuring – Optimal liquidity release while preserving forward momentum
Aura Capital’s ability to mitigate planning risk, negotiate streamlined due diligence and execute with certainty enabled the borrower to meet their exit obligations, protect value and redeploy capital with confidence.
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