Specialist bridge lender Hilco Real Estate Finance has issued a £13m development exit loan to Craftworks, facilitating the completion of 24 luxury apartments in Denmark Hill, London.

The development is noted for its visually appealing exterior and high sustainability standards.

Sean Adams, managing director of HREF, remarked, “Having supported a number of development exits over the last 12 months, we are continuing to see a high level of enquiries and are always keen to consider good quality schemes that simply need some more time to sell. The Southwark development is a great example of this type of project – we believe the combination of an experienced developer and well-designed, luxurious apartments in a sought-after location will appeal to prospective occupiers.”

Adams also expressed gratitude to Daniel O’Neil at SPF Private Clients for the introduction and acknowledged the support of professional advisers Oliver Chivers at Montagu Evans, Tom Culverwell at Savills, and Jaclyn Tang at Fieldfisher.