“The transformation of Lombard House represents more than just a property deal; it’s about creating homes, opportunities and confidence in Birmingham’s future”
– Faisal Arif – The Harrogate Group
Private real estate lender, The Harrogate Group, has announced £10 million in funding for Lombard House in Birmingham, marking the launch of its new Lend to Share funding product.
Situated on Great Charles Street, a key gateway linking the city centre, Lombard House will be transformed into much-needed homes for first-time buyers and city professionals.
The development aims to meet growing demand for quality housing in central Birmingham while attracting inward investment and supporting the city’s wider regeneration and economic growth.
The Lend to Share funding model, designed by Faisal Arif, CEO of The Harrogate Group, provides developers with straightforward access to capital while aligning the lender’s success with that of the project. Under this approach, the Group not only funds the acquisition but also takes a profit share in the completed development, remaining a committed partner throughout the scheme’s full lifecycle.
Faisal Arif, CEO of The Harrogate Group, said, “Birmingham is my home city, I was born and raised here, and I’ve worked closely with the City Council and the Combined Authority for many years to help drive economic growth.”
“The transformation of Lombard House represents more than just a property deal; it’s about creating homes, opportunities and confidence in Birmingham’s future. Our Lend to Share model was designed to make funding simple, fair and aligned. When our developers succeed, we succeed, and that’s exactly the kind of partnership this city deserves.”
The Harrogate Group will continue to provide ongoing support throughout the Lombard House development, ensuring the project is delivered to the highest standards and achieves its full potential.
The deal was led by Faisal Arif, with key contributions from managing director Sue Wright and associate director Christina Parry, highlighting the Group’s ability to deliver large, complex, and innovative funding structures.
Advisors on the transaction included Helen Penfold of Hill Dickinson for legal support and Richard Gill of BNP Paribas for valuations.
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