Pallas Capital Completes £525,000 North London Bridge-to-Refurbishment loan

02 June 2026

Pallas Capital has completed a £525,000 bridging facility to support the purchase of a residential property in North London. The 12-month facility, structured at a 75% LTV, provides the necessary capital to secure an essential lease extension and fund comprehensive internal renovations.

The transaction was led by Anna Thompson, Originator at Pallas Capital, who worked closely with the borrower to manage shifting deal parameters and deliver funding within a highly compressed timeframe.

The asset currently has 47 years remaining on its lease, and the upcoming refurbishment aims to revitalise the established property, ensuring its continuity amid a scarcity of high-quality residential spaces in the local area. The deal was funded entirely from Pallas Capital’s internal balance sheet, allowing the team to remain agile as the initial transaction dynamics shifted.

Following unexpected third-party and valuation delays during the purchase process, the experienced developer chose to deploy their own cash reserves to meet the strict purchase deadline. Pallas Capital adapted immediately, verifying the funds and seamlessly restructuring the transaction from a purchase facility into a refinance bridge within the 10-day contractual completion window to protect the exit strategy.

Anna Thompson, Bridging Originator at Pallas Capital, commented:

"When unexpected third-party delays compressed the completion timeline, our priority was to step in pragmatically and give these experienced developers absolute certainty. By utilizing our own internal funding lines, we were able to restructure the entire facility into a refinance bridge within days, ensuring the asset was protected."

The transaction was brought to a successful close with the support of broker James Lockyer, whose involvement was instrumental in navigating the complex requirements of this lease extension and refurbishment project.