Alternative real estate lender, Broadwood Capital, has successfully finalised a £2.1m loan in prime central London. This loan is intended to fund the purchase of a property located in Covent Garden. The property, a 4,800 sq ft Grade II-listed building on Buckingham Street, has received planning permission to be transformed from office space into a single residential townhouse. The 12-month facility, which offers 70% LTV, will not only facilitate the property’s purchase but also aid the developer in advancing the design and getting ready for construction. Alastair Stanley, a director at Broadwood Capital, expressed the company’s enthusiasm about collaborating with the developer on this distinctive property.