Barney Iles said: "Specialist lenders, as nimbler and more agile organisations, are able to adapt much quicker and respond to the changing needs of property developers, compared to larger traditional lenders and banks."
The 103-apartment scheme in Berkhamsted, Hertfordshire, is a joint venture between ReLF and Elysian Residences.
At 52.6 in September, down from 55.2 in August, the headline seasonally adjusted figure dropped further below the 24-year high seen in June (66.3).
Anthony Persse, chief executive of Optimum Finance, said: “Philip’s expertise is second to none, as a champion for small businesses and having written extensively on the benefits of Invoice Finance to support cashflow and business growth."
Speaking at the NACFB Commercial Finance Expo, Barrett said that funding for small to medium (SME) developers has to take a sensible approach.
Matt Dawson, World Cup winning rugby legend, and former BBC Question of Sport presenter, hosted the awards which recognised excellence within the commercial finance broking community.
It will enable the developer to demolish the existing disused commercial building and deliver 29 new-build apartments.
Octane Capital has appointed Benjamin Donelien to its treasury team as finance manager.
Despite fears at the outset of the pandemic, the UK economy and housing market have shown a recovery more remarkable than many anticipated.
This will fund the development of Riverside House, a 99-studio unit student scheme in Guildford.