Blackfinch Property provides bridging loan to complete the purchase of two properties in the West Midlands
Both properties are situated in Sutton Coldfield, West Midlands. One of the properties is a Grade II-listed building and is part of a conservation area.
The loan Blackfinch provides will be used to complete the purchase of the two properties. The larger of the two, is to be refurbished for use as the head office for the borrower’s growing business, whilst the smaller property is likely to be sold.
Blackfinch Property completed the loan ahead of deadline, which was critical to the borrower. Blackfinch encountered a ‘flying freehold’ on part of the property, which was quickly and successfully resolved by the in-house legal team.
In working with the borrower, Blackfinch Property is pleased to be a helping a dynamic, successful, local West Midlands business expand and grow. The deal reflects Blackfinch’s continued support for ambitious property developers across the UK.
Blackfinch Property is a fully funded provider of innovative short-term bridging and development financing solutions.