GB Bank has provided a £20.5m structured funding facility for the acquisition of a fully occupied residential portfolio in the North West.
The lender worked with an unnamed specialist funding partner on the purchase of 214 properties, establishing a bespoke structure intended to meet the commercial requirements of the parties.
The facility was agreed at 75% loan-to-value. The exit strategy involves dividing the portfolio among four special purpose vehicles, allowing a flexible refinancing while supporting its continuing management.
GB Bank said all 214 properties were occupied at completion and generating rental income. Its underwriting also considered the borrower’s wider financial position, including personal liquidity and surplus rental income.
The bank structured the funding to support the underlying bridging facility, subject to its valuation, credit and completion requirements.
Hardik Gogia (pictured), relationship manager at GB Bank, says: “As specialist lending continues to evolve, lenders increasingly require funding partners that can provide flexible capital solutions for larger and more complex transactions.
“This transaction demonstrates our ability to work alongside specialist lenders, providing tailored funding solutions that enable them to deliver complex bridging transactions with confidence.
“By combining commercial thinking with responsive decision-making, we’re able to support lending partners on opportunities that require a more bespoke approach.
“Our structured funding capability is designed to complement the expertise of specialist lenders, giving them confidence that they have a responsive funding partner capable of supporting complex transactions without compromising on speed or service.”
