Arbuthnot Latham supports client with £2m residential development

The client, Litven Limited, was founded by Jeremy Dodgson in 2014. The entrepreneur has a long and successful track record of acquiring and developing high-end properties in London.

Litven’s focus is on the development of residential properties in prime London areas using their sister company Silver Bricks London Limited to undertake the building works.

The initial finance is being delivered under the Recovery Loan Scheme. Upon completion, the loan will be switched to a property investment loan.

Justin Snoxell, Senior Commercial Banker at Arbuthnot Latham, said “It was a pleasure to re- establish our relationship with Jeremy and his team and to structure and provide funding to allow continued growth of their property portfolio. We now look forward to working with the team on further opportunities to grow the relationship and support their growth strategy.

“Litven Limited have an excellent management team and this meant all information was provided quickly and allowed the facility to progress swiftly. They have also established a wider team to undertake the building works and management of the sites post completion.”

Jeremy Dodgson, owner of parent company Litven Limited, commented “It is always a pleasure working with the Arbuthnot team. They are extremely knowledgeable and experienced which has made it easy to close our latest deal, a £2m financing of a development site in Fulham. Knowing the market for development lending quite well, I can safely say that the Arbuthnot product is exactly right for residential property developers being what I call a “life-cycle loan” – the loan takes you from acquisition through planning, into development and then enables us to either hold or sell the property. No need to switch loans between different lenders as the development evolves.”

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