Redwood Bank has completed a complex refinancing deal across a three-property portfolio, navigating multiple ownership structures and time-sensitive requirements.
The bank, working alongside broker Bespoq Finance, delivered a tailored refinancing package for a landlord with a mixed portfolio of residential and commercial assets, involving a combination of structural and legal complexities.
The transaction covered three separate properties and required the coordination of special purpose vehicle transfers, lease restructuring and the management of related-party tenancies, all within a four-month period.
The completed facilities included a £627,555 loan at 67.84% loan-to-value over a 25-year term on three commercial units, a £237,150 loan at 71.86% LTV on a semi-commercial property structured on a 30-year interest-only basis, and a £78,765 loan at 63% LTV on two further commercial units over a 25-year term.
The refinancing enabled the borrower to exit an existing bridging facility while releasing equity to support wider business activity.
Jane Hand, regional development manager at Redwood, said: “This case reflects the sustained effort required to manage multiple moving parts simultaneously. Completing three loans together within four months demonstrates our commitment to delivering at pace, even in complex circumstances.
“Nothing was rushed, but everything moved forward with purpose.
“By structuring the deal clearly and keeping momentum, we ensured that issues such as related-party leases and SPV creation did not derail progress.
“Completing all three loans together gave the customer confidence to move forward with their wider business plans.”
Redwood’s legal and advisory teams worked with the client’s accountants throughout the process to ensure compliance with capital gains tax and stamp duty land tax requirements, while maintaining progress on the transaction.
Lucy Hope, director at Bespoq Finance, said: “This case shows what can be achieved when lender and broker work together at pace.
“The background was complicated, but Redwood brought their specialist team, streamlined the process and delivered in time to avoid expensive penalties.
“By managing the complexity behind the scenes, the bank made the experience feel straightforward for the customer at a time when they were taking on new responsibilities in the family business.
“What could have felt overwhelming was instead delivered in an efficient and organised way.”
