Shawbrook has completed a £29.6m structured real estate finance deal in six weeks, facilitating the conversion of office spaces into 151 residential units in Salford’s MediaCity.
The deal merged a bridge loan and an investment loan into a single bespoke facility.
This approach helped the client avoid working with two separate lenders and the associated costs and risks of refinancing, as the asset was not stabilised.
Shawbrook offered a 5-year facility, completing the transaction in a notably short timeframe.
Robert Kleinman, CFO at Brotherton Real Estate, said: “Shawbrook’s expertise was instrumental in delivering this bespoke solution.
“Despite the complexities, the team worked closely with us to design a facility that not only addressed the client’s immediate needs but also provided flexibility for future refinancing options.
“The client was delighted with the outcome, and we look forward to collaborating with Shawbrook again.”
Karan Doshi, senior relationship manager for Structured Real Estate at Shawbrook, said: “This transaction showcases Shawbrook’s ability to deliver bespoke solutions for complex property finance needs.
“By designing a customised finance facility, we demonstrated the flexibility and innovation of our Structured Real Estate offering while ensuring the best possible outcome for the client.
“The successful completion of this deal further solidifies Shawbrook’s position as a key player in Structured Real Estate, offering tailored solutions for complex cases with efficiency and expertise.”
