“The deal’s swift completion was also a testament to the hard work of Corrado and the team at Bespoke Business Finance, who were a key point of contact from start to finish”
– Michael Chakli – Secure Trust Bank Real Estate Finance
Secure Trust Bank Real Estate Finance has announced that it has funded the construction of three deluxe homes in Surrey with a £4.875 million property development finance loan.
The 18-month facility was provided to property developers Oak & Olive Homes, part of the BlackOnyx Group, marking the third deal completed between the two parties since 2022. Two previous loans were similarly used to fund Surrey-based luxury housing projects.
Located in the village of Send, the three detached homes comprise a total GDV of £7.5m and are set to reach practical completion in June 2026. The portfolio includes one five-bed and two four-bed homes, with each property between 3,000-4,000 sq. ft.
The deal, brokered by Corrado Vulpio of Bespoke Business Finance, was drawn within five weeks of being sanctioned in March, following initial discussions in February between Michael Chakli, relationship director at STB, and David Ardley, CEO and founder of BlackOnyx Group. It also marks the bank’s continued growth in the property development lending space.
On the deal’s completion, David said: “Over the past three years, we’ve been able to build a strong working relationship with Secure Trust Bank and, thanks to this, we were confident that the team had the level of property finance expertise required to ensure this deal crossed the finishing line in just a matter of weeks.
“Through our latest project, we’re delighted to provide three premium homes that offer modern, family-friendly living while preserving the local area’s heritage and charm, and we look forward to seeing them reach practical completion next year.”
Corrado, who acted as the day-to-day contact between the bank and the borrower, added, “It’s great to see this deal come to fruition, with the tight turnaround a testament to the seamless cooperation between all involved parties. We’ll be keeping a close eye on these stunning homes as they come to life and hope to work with the Secure Trust Bank team again in the not-too-distant future.”
The homes are situated on the bank of the River Wey, on land which was previously the gardens of Pembroke House.
“It was a pleasure to work with David and BlackOnyx Group and help the business to realise its latest exciting property development ambitions,” said Michael, “The deal’s swift completion was also a testament to the hard work of Corrado and the team at Bespoke Business Finance, who were a key point of contact from start to finish.
“This regular contact enabled us to deliver a facility tailored to the borrower’s needs and, like David, we are excited to see the three contemporary homes constructed over the coming year.”
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