Shawbrook and P10 Financial Group deliver £13m development facility to unlock new London Development
Partnership supports experienced developer with delivery of 42 contemporary apartments in Wimbledon.
Highlights
Facility Structure and Project Overview
Shawbrook’s Development Finance team, in partnership with P10 Financial Group, delivered a £13 million facility to support the construction of 42 residential apartments across two blocks in Wimbledon, London. The scheme comprises 26 one-bedroom, 14 two-bedroom, and 2 three-bedroom homes, designed to meet demand in a location where the developer has a proven track record of delivering and exiting similar projects.
The facility was structured with a 2-month design phase, followed by an 18-month build and a 9-month sales period. This timeline was designed to offer greater flexibility and help mitigate exit risk in a challenging market environment.
Set at 70% loan-to-gross-development-value (LTGDV), the funding reflects the developer’s strong credentials and the scheme’s solid financial metrics.
Partnerships that move deals forward
P10 Financial Group acted as the developer’s debt adviser, structuring the facility and coordinating all professional parties to ensure a smooth transaction from submission to drawdown.
The transaction highlights how collaboration between lenders, advisers, and developers remains vital to maintaining momentum in the sector.
In this market, where developers have taken the brunt of the changes over the last few years, it’s imperative that banks become flexible and solutions-focused - as Shawbrook have in this transaction. Developers have seen pressure on GDV, rising build costs, delays in planning, and ongoing supply chain challenges. Working with lenders who take a pragmatic, partnership-led approach is key to keeping developments viable and getting much-needed homes built.
This project is a great example of what can be achieved through genuine collaboration. At Shawbrook, we place huge value on the relationships we build with our partners because when everyone is aligned and focused on delivery, even complex deals can move efficiently. Working with P10 and the developer, we were able to structure a facility that supports progress in a challenging market and brings much needed new homes to London.
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