Bridging finance from Black & White Bridging is supporting the redevelopment of a commercial site in Cornwall into a dedicated hub for local small and medium-sized enterprises.
Black & White Bridging has completed a £1.68 million commercial bridging facility to fund the acquisition and refurbishment of an established commercial site in Falmouth, Cornwall, which will be transformed into a multi-unit business park for local SMEs.
The funding will support the upgrade of multiple units to create modern workspace aimed at meeting ongoing demand for suitable commercial accommodation in the area.
Once complete, the scheme is intended to provide long-term premises for local businesses while supporting employment and economic resilience within the community.
The refurbishment programme will bring the units up to a higher standard in a market where the supply of quality commercial space remains constrained.
On completion, the development is expected to generate annual rental income of around £270,000.
This income profile underpins a refinance exit strategy, with the facility structured at a maximum of 65% loan-to-value.
Black & White Bridging said the structure reflects its approach to managing risk while supporting projects with clear commercial outcomes.
The site is currently occupied by a range of local businesses, including a window manufacturer, a distillery and an ironmonger.
Plans are in place to attract additional tenants, with interest expected from health and wellbeing-focused operators.
The borrowers have experience delivering similar schemes and will manage the refurbishment works directly, overseeing delivery and quality control throughout the project.
Mike Underwood (pictured), relationship director for the south coast at Black & White Bridging, says: “This transaction exemplifies our commitment to backing projects that combine strong commercial fundamentals with meaningful social impact — supporting local businesses, strengthening communities, and delivering sustainable long-term value.”
