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£11.5m refinancing of converted office block secured for complex ownership structure
Silbury provides additional £33 million loan for 292-home Old Kent Road residential scheme, taking total facility to £101 million
Construction starts on £140m 24-storey Battersea tower
Blue Shield Capital has completed a £16.7m bridging loan for a UK-based landlord and buy to rent operator.
The 12-month facility, secured across two assets in Manchester and Leeds, was arranged to support the borrower, who specialises in city-centre rental living, in redeeming their existing debt and restructuring their portfolio.
The Manchester property consists of 75 apartments while the Leeds property extends to 77 apartments.
Both properties underwent extensive refurbishment between 2019 and 2020 and are 100% occupied, producing a rent of £1.9m per annum combined.
Commenting on the deal, Caroline Small, senior analyst at Blue Shield Capital, said: “We’re proud to have supported our client in achieving their goals by providing a complex financing solution within a tight timeframe.
“This deal underscores our commitment to helping BTR operators capitalise on market opportunities and drive growth in their portfolios.”
Call Trinity Specialist Finance to secure a bridging loan or commercial mortgage on 020 7016 6151 or book a consultation
The information contained within was correct at the time of publication but is subject to change.
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