The Harrogate Group, one of the UK’s fastest-growing private real estate lenders, has announced the £10 million funding of Lombard House in Birmingham, marking the launch of its innovative new funding product, Lend to Share.
Located on Great Charles Street, a key gateway that connects the city of Birmingham together, Lombard House is one of the area’s most recognisable commercial buildings. The property has permitted planning consent for residential development, paving the way for its transformation into much-needed homes for first-time buyers and city professionals.
The development will help meet the growing demand for quality housing in central Birmingham, while also attracting inward investment and supporting the city’s wider regeneration and economic growth.
The Lend to Share funding model (personally designed by Faisal Arif, CEO of The Harrogate Group) provides developers with simple access to capital while aligning the lender’s success with that of the project. Under this structure, The Harrogate Group not only funds the acquisition but also takes a profit share in the completed development, ensuring the company remains a committed partner throughout the full lifecycle of the scheme.
Faisal Arif, CEO of The Harrogate Group, commented: “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, reflecting the Group’s capability to deliver large, complex and innovative funding structures.
Advisors on the transaction included: Helen Penfold of Hill Dickinson – Legal and Richard Gill of BNP Paribas – Valuations
With offices in Liverpool, Birmingham, London and Dubai, The Harrogate Group continues to build on its reputation for innovation, integrity, and execution, providing developers with the capital and confidence to deliver transformative projects across the UK.