GB Bank has finalised the refinancing of a major residential scheme in the Midlands, delivering a tailored loan package to support the growth plans of an established property investor.
The facility refinanced an existing loan secured against a 131-unit multi-unit freehold block (MUFB). It also released capital to allow the borrower to pursue new opportunities for portfolio expansion.
The investor involved in the deal is an experienced landlord with a track record of managing and scaling residential holdings across the UK. Their strategy has focused on maximising income streams through a mix of tenancy types.
To support this, GB Bank structured a facility that moved beyond standard MUFB policy limits. The approach considered the borrower’s background as well as the block’s varied occupancy, which included both assured shorthold tenancies (ASTs) and corporate leases.
The refinancing arrangement provided the borrower with additional capital to fund the next stage of portfolio growth.
“This case is an excellent example of how GB Bank is able to support complex, large-scale transactions with bespoke solutions,” said Mike Says, CEO at GB Bank (pictured). “Our focus is always on understanding a borrower’s strategy and structuring a facility that enables them to unlock growth opportunities, whilst always applying a robust approach to risk. It’s this blend of flexibility and discipline that enables us to deliver real value to brokers and their clients.”
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