The facility was provided for an experienced residential investor and developer

Recognise Bank has completed a £4.14 million bridging loan to support the refinance of a residential property portfolio across Twickenham and Surrey.

The facility was provided for an experienced residential investor and developer, and secured against three residential properties.

Introduced by Matthew Archer, director at Tapton Capital, the 10-month bridging loan completed at 75% LTV.

The transaction enabled the borrower to refinance multiple existing facilities within a defined timeframe, with three separate loans requiring redemption simultaneously for the refinancing to complete.

The loan structure provided short-term funding flexibility, while allowing time for the planned sale of the underlying assets.

Timing was a key consideration throughout the transaction, with the borrower being based overseas for the duration of the approval and completion process.

The transaction was completed by Richard Winston, lending manager at Recognise Bank, who commented: This was a refinance that required careful coordination due to the number of assets involved and the need to redeem multiple facilities at the same time.

By working closely with the broker and maintaining clear oversight of the detail throughout the process, we were able to complete the transaction within the required timeframe to support the borrower’s timeline, he said.

Matthew added: This was a complex multi-asset refinance with real time pressure. The borrower was close to expiry on their existing facility, so we had to keep the incumbent lender fully engaged while pushing the deal forward.

We worked to a tight deadline, fast-tracked valuations and moved straight into legals, all while the borrower was overseas. It was not straightforward, but everyone pulled together to get it done, he said.

He added: A big thank you to the legal teams for their hard work, and especially to Richard at Recognise Bank for his steady support and clear approach throughout.