District & County Investments (DCI) delivers £2.47m development facility to unlock mixed-use scheme in Stoke Newington
27 April 2026
District & County Investments (DCI) has successfully delivered a £2.47 million net development facility to support the refurbishment and conversion of a mixed-use scheme in Stoke Newington, London.
The 18-month facility was structured on a flexible basis to support both delivery and exit, enabling the borrower to progress a fundamentally strong project that had previously stalled after another lender withdrew due to the Grade II listed status of the building.
The scheme presented clear underlying fundamentals but required a more considered approach to underwriting given the complexities associated with listed building works and programme delivery.
DCI adopted a pragmatic, experience-led approach, focusing on the borrower’s proven track record in delivering similar refurbishment and conversion projects, alongside a detailed assessment of the asset itself.
This included a comprehensive review of listed building considerations, construction costs and programme, supported by Monitoring Surveyor input. This deeper level of analysis enabled DCI to gain conviction in the scheme where more criteria-driven lenders had been unable to proceed.
The facility was structured at below 60% LTGDV, providing conservative leverage and strong downside protection, while maintaining flexibility around exit. The primary strategy is refinance upon completion, with the ability to deleverage through unit sales if required.
The transaction was delivered at pace, providing certainty on a time-sensitive opportunity and allowing the borrower to move forward without further delay.
The deal highlights DCI’s ability to look beyond complexity and support well-understood projects that may fall outside traditional lending parameters.
Michael Clifford, Commercial Director at District & County Investments, commented:
“This was a scheme where the fundamentals were clear, but it had fallen out of another lender’s process due to the listed building.
“By taking a more pragmatic view and really understanding both the asset and the borrower’s experience, we were able to move quickly and structure a facility that works in practice, not just on paper.”
Annabel Crawshaw, Director of Operations at Credicus, added:
“DCI were a pleasure to work with on a recent refinance of a Grade II listed asset. We were on a tight redemption deadline, and the client required funds quickly to commence their project. DCI are a proactive, solutions-driven team which ensured a seamless and efficient completion”
DCI continues to support brokers and borrowers with tailored funding solutions across bridging and development finance, with a focus on speed of execution, simplicity of structure, and alignment of interests across the deal lifecycle.
For more information, visit: https://dcifinance.co.uk/
