GB Bank has completed the refinancing of a substantial multi-unit freehold block (MUFB) residential development in the Midlands.
The facility refinanced an existing loan secured against the 131-unit MUFB, while also releasing capital to enable the borrower to pursue further growth opportunities.
The borrower is a seasoned property investor, with a proven track record in managing and scaling residential assets across the UK.
GB Bank structured a facility that went beyond standard MUFB policy limits, taking into account the borrower’s experience and the block’s diverse occupancy profile, which included both Assured Shorthold Tenancies (ASTs) and corporate leases.
The facility enabled the borrower to unlock capital to fund further portfolio expansion.
Mike Says (pictured), CEO at GB Bank, said: “This case is an excellent example of how GB Bank is able to support complex, large-scale transactions with bespoke solutions.
“Our focus is always on understanding a borrower’s strategy and structuring a facility that enables them to unlock growth opportunities, whilst always applying a robust approach to risk.
“It’s this blend of flexibility and discipline that enables us to deliver real value to brokers and their clients.”
