Brickflow has facilitated a £755,000 bridging finance refinance on an 18-bedroom hotel in Somerset. HBI Capital funded the loan, completing the case less than a month after joining the platform’s lender panel.
Louis Wilson, commercial adviser at NM Finance, introduced the case. He sought bridging finance through Brickflow to repay existing debt on the hotel and, after reviewing the options presented, chose HBI Capital as the funding partner.
NM Finance compared lenders on the panel before making that choice. It judged HBI Capital the strongest fit for a hotel asset against a tight deadline, pointing to the lender’s case-by-case underwriting and its willingness to work from the valuation already in place.
No need to start due diligence from scratch
A specialist hotel valuation already existed from the previous facility. HBI Capital worked directly with NM Finance to review the due diligence gathered to that point rather than starting again, which kept the transaction moving from instruction through to completion. Glaisyers handled the legal work, and its quick turnaround helped keep completion on track.
The platform let NM Finance compare HBI Capital’s proposition against other panel lenders side by side, instead of approaching specialist hotel lenders one at a time. HBI Capital’s individually underwritten, privately funded model meant an asset outside standard criteria grids could still be considered.
Brokers can access its bridging, development and auction finance, from £100,000 to £2m, through the marketplace. Qualifying loans placed with the lender through Brickflow can also include a free in-house valuation and dual legal representation, which cuts the steps between instruction and completion.
HBI Capital joined the panel in July, offering brokers a direct route to case-by-case underwriting for property types that sit outside a standard criteria grid.
“This demonstrates how quickly a new lender can start winning business through Brickflow,” said Glenn Franklin-Jones, director of lender relations at Brickflow (pictured).
“NM Finance had a genuine choice of specialist lenders in front of them for this hotel refinance, and HBI Capital won the case because they were willing to work from the existing valuation instead of asking for a new one, on a deadline that didn’t leave room for that. That is the value we want every lender on this panel to get: real cases that fit their criteria, and a fair shot to win them on their own terms. We expect this to be the first of many cases we place with HBI Capital as the relationship builds.”
“We’re pleased to have completed this transaction and delivered the certainty the borrower needed ahead of their deadline,” added John Blahuta, director at HBI Capital.
“Everyone involved took a collaborative and pragmatic approach, which helped keep the process moving from start to finish. The experience with Brickflow has been great, and we’re genuinely excited to add this vital origination channel to our business.”
“Working with HBI has been a breath of fresh air, particularly on a deal as urgent as this one with real consequences to the borrower if this had not been completed in time,” said Wilson. “No convoluted credit process, just direct access to decision-makers, commercial thinking and a genuinely client-centric approach. This deal really epitomises what true bridging should be about, and Brickflow has exposed us to some fantastic lenders.”
“We were delighted to support this transaction and work alongside a team committed to delivering a practical solution within demanding timescales,” noted Kathryn O’Rourke, partner at Glaisyers Solicitors.
“HBI Capital’s commercial approach and responsiveness were instrumental in helping the matter progress smoothly to completion. Clear communication and decisive action from all parties helped maintain momentum throughout the process. HBI Capital’s ability to take a pragmatic view of the transaction was particularly valuable. It was a pleasure to work with everyone involved and to help deliver a successful outcome for the client.”
Please visit:
Our Sponsor
