Since its first loan in 2014, Blackfinch Property has undertaken over £150m worth of bridging and development lending across the UK. This includes £79m in the last 12 months.
Loans are spread across the UK and diversified over a range of sectors in addition to residential new builds and refurbishments. They cover commercial, hospitality and leisure, offices, light industrial and specialist residential such as care homes and assisted living.
Alongside the loan book, the Blackfinch Property team has grown, expanding to a team of twelve in the same time period. It includes the in-house legal team, enabling them to complete deals more efficiently. Borrowers and brokers will typically work with the same deal manager and team throughout the life of the loan, from origination through to due diligence, monitoring and redemption. That manager will have frequent contact with key decision makers ensuring any queries are resolved on a timely basis. Blackfinch Property has been actively growing through raising additional funding. It is seeking to further increase deal flow by expanding its developer and broker network.
Blackfinch Property typically lends up to 70% loan-to-value and 85% loan-to-cost, either residential or commercial. It focuses on senior and stretched senior with many loans originating from repeat borrowers.