£2.95m bridge refinances Shrewsbury conversion
Recognise Bank has completed a £2.95m bridging loan to refinance an office-to-residential conversion in Shrewsbury, enabling the developer to repay its existing development finance facility and complete the final stages…
£945k refurbishment loan turns former guesthouse into HMO
Avamore Capital has announced that it has completed a £945k refurbishment loan to support the redevelopment of a former guesthouse into a house of multiple occupancy. The facility provides the…
Sidcup residential conversion lands £6.8m STB loan
Cubica Capital has secured a £6.8m loan from Secure Trust Bank Real Estate Finance to refinance Roxby House, a recently converted office block in Sidcup. The five-year residential property investment…
NI house prices rise £9,000 since last year
Both rents and house prices up 3.8% year-on-year in second quarterThe average property in Northern Ireland has risen by nearly £9,000 in price over the last 12 months, according to…
Transaction uptick but autumn real test
Annual rise of 2% in residential transactions is encouraging but real test yet to comeExperts have welcomed the latest increase in residential transactions reported by HMRC, but say the real…
House price growth slows to 1.8% in July
Experts say deals to be done for serious buyersThe slowing of house price growth, from 2.2% in June to 1.8% in July and up just 0.1% up on a month-month…
Atom completes £1.1m commercial loan on care home asset in five weeks
Atom bank has announced that it has completed a £1.1 million commercial loan secured against a learning disabilities unit, helping the borrower avoid a sizeable penalty on an expiring bridging…
£20.5m structured facility backs 214-home portfolio buy
GB Bank has announced that it has provided a £20.5m structured funding facility to support a funding partner's acquisition of a 214-unit residential portfolio in the North West. Working closely…
Roma Finance and Karaya Capital fund £1.25m residential scheme in Kent
Roma Finance has partnered with Karaya Capital, a specialist debt advisory firm, to arrange a tailored development finance facility supporting the continued delivery of a residential scheme in Rochester, Kent.…
£13m development facility funds 33 Birkdale homes
United Trust Bank (UTB) Property Development has provided a £13m acquisition and development finance facility to support a new residential scheme in Birkdale, one of the North West's most sought-after…