The 24-month loan will finance the redevelopment of the seven-unit freehold, located on Westbourne Park Road, into a mixed-use scheme of seven apartments and a row of boutique shops, valued in excess of £30m.

The completed two- and three-bedroom flats will range in size from 95-120 sq m, with pricing starting from £1.95m.

The development will also include south-facing balconies, roof terraces and cinema rooms in two of the apartments, and will provide views of the iconic blue door across the street, which was made famous by the 1999 film.

The deal — which was brokered by Tony Tadros, director of Stonehouse Capital (SHC) — was completed within three weeks from the developer’s initial enquiry, after the lender conducted substantial due diligence.

Enabling works are now underway at the Notting Hill scheme, and construction is due to be completed in autumn.

Martin Gilsenan, chief origination officer at Atelier, said: “More than two decades after Hugh Grant and Julia Roberts sparked the original ‘Notting Hill effect’, this remains one of the capital’s most in-demand areas.

“In recent months, we’ve seen a surge in demand for new apartments in prime London, and this development of seven stylish homes and a new parade of shops will bring fresh life and new residents to the W11 community.

“It’s exactly the sort of thoughtfully designed redevelopment project we like to finance at Atelier, and will create a series of comfortable homes and vibrant businesses at the epicentre of the Notting Hill phenomenon.

“This was a complex deal, with the plans creating an additional freehold and transforming both commercial and residential properties at once, but Atelier prides itself on its ability to move quickly and decisively when we see a project with such strong potential.

“Our borrowers enjoy direct access to lending decision-makers during the application process, and it’s a testament to the speed, efficiency and thoroughness of our due diligence teams that we were able to agree finance within three weeks of receiving the enquiry.”