The transaction was for the purchase of an office block with consent to be converted into 74 residential units.
At the same time it has launched a range of personal loan products with an APR from 14.9% to sit alongside its second charge mortgage products.
They will join existing member Freedom for Intermediaries on the panel, as the trio will now help brokers needing advance on second charge.
They include Alex Upton from Castle Trust, Mike Strange from Funding 365, Matthew Tooth from LendInvest and Richard Deacon from Masthaven Bank.
The course will outline what it takes to make small-scale developments run smoothly, as it aims to help brokers add more value to clients requiring development finance.
Promise’s brokers now have access to West One’s products.
The broker, which is primarily based in Cardiff, has put Daniel Glicksman and Allan Phillips in charge of the London office.
It has been a relatively slow start to fully integrating second mortgages into the solutions being provided by mortgage advisers around the UK, but like all significant change it will take time. Collaboration between specialist packagers and mortgage advisers is a fundamental requirement to make this happen.
From May to July 2017 there were 2,798 mortgages written worth £270m, an increase of 24% and 27% compared to the same three months last year.
The deal was arranged by packager Intelligent Loans.