Mortimer Street Capital completes £3.995m Surrey bridging loan on multi-asset security

02 February 2026

Mortimer Street Capital, in partnership with Recognise Bank, has completed a £3.995m bridging facility for a developer, secured against a portfolio of property assets in Surrey with a combined market value of £6.7m.

The loan was structured at 60% LTV and is secured against two mixed-use development sites with existing structures, combining residential, equestrian and development land to provide strong asset-backed security and multiple exit routes.

The transaction underlines Mortimer Street Capital’s ability to structure bespoke bridging facilities against complex, mixed-use security while supporting experienced developers with clear value-add strategies.

Numan Sultan, Partner of Gunnercooke acted for the bank on the legal work, while Eva Gascoigne of Fisher German provided valuation services.

Mortimer Street Capital focuses on structured and complex transactions across the commercial, development, and bridging finance sectors. It is a specialist real estate advisory business that has established a base over the past 15 years, specialising in bridging and development finance, as well as mezzanine and equity finance. Their experience spans deploying over £1bn of real estate debt in the UK market, and pride ourselves on our expertise and due diligence.

Justin Trowse, Managing Director – Mortimer Street Capital, said:

“This was a highly bespoke transaction, bringing together multiple asset types with different planning consents, so structuring the right solution was key. Recognise Bank and its professional team took a pragmatic and commercial approach throughout, allowing us to deliver a facility that gives the borrower the flexibility to execute their business plan while providing the lender with strong underlying security.”

Heather Mitchell, Lending Manager at Recognise Bank, added:

“SME developers are fundamental to the UK housing market, and we take our role in supporting such businesses very seriously. Although this transaction was complex, our team was helped throughout the underwriting process by the quality of the information provided by the team at Mortimer Street Capital and this undoubtedly enabled us to achieve a very positive customer outcome.”