Pluto Finance successfully closes £60 million loan for Residential Development in Angel

We are excited to announce the successful closing of a £60m loan for our valued client, Bentry Capital. This financing enables the conversion of an existing office building into 115 residential flats within Angel Village, EC1V. A gated residential enclave located just off City Road, in the heart of Angel.

A standout feature of this transaction was its remarkable speed. From instructing professionals to closing the deal, the entire process took just six weeks. This rapid turnaround was crucial to the project, allowing Bentry Capital to meet critical development timeframes, avoid delays, secure competitive construction contracts and maximise project viability in an ever-changing market.

Simon Chapman, our Lending Director, said: "Closing a loan of this scale in such a tight timeframe requires exceptional teamwork. I want to extend a huge thank you to all the professionals who made this possible, including the teams at Burges Salmon, Allsop's and MMT."

Amarveer Singh Pannu, CEO of Bentry Capital, commented: "This was a time-critical project for us, where speed was non-negotiable. The swift execution of this loan gave us the ability to hit the ground running, and keep the project moving on schedule. We've been consistently impressed by the team's expertise, efficiency, and unwavering commitment to getting the job done."