Glenhawk complete £2.85m development exit loan in North Yorkshire

06 July 2026

Glenhawk, the specialist property lender, has completed a £2.85m development exit loan, enabling a developer to refinance an existing development facility while providing additional time to market and sell a completed residential property.

The facility was secured against a large house in North Yorkshire and was provided at 71% loan-to-value (LTV) against the property’s open market value (OMV), equivalent to 80% LTV against its 180-day valuation.

The loan repaid the existing development finance while also releasing significant capital, allowing the borrower to acquire their next development site without being forced into a quick sale of the completed property.

The transaction was introduced by John Wain of Forest Hall Financial Solutions, originated by Annaliese Ellis, Business Development Manager at Glenhawk, and underwritten by Caitlin Nicholson, Underwriter.

Annaliese Ellis, Business Development Manager at Glenhawk, commented:

“We’re delighted to get the deal over the line for John and his client. This loan is a great example of our development exit appetite. Given the asset is at a high price point and is situated in a rural area, many lenders were not able to support a loan at this leverage (our loan is at 80% LTV against the property’s 180-day value). Loans like this require a valuer with true local knowledge and an underwrite focused on the asset’s liquidity.”

John Wain of Forest Hall Financial Solutions commented:

“I have to give a lot of credit to Annaliese, Caitlin and the team at Glenhawk, Sarah at Allsop, and Navid at Healys for all their help in getting this tricky deal over the line. Achieving this level of leverage at this price point is an incredible result. I would not hesitate to recommend Glenhawk and everyone involved.”

To find out more, visit https://glenhawk.com/