CULTIVATING AMBITIOUS GROWTH

Blackfinch is a fully funded provider of innovative short-term bridging and development financing solutions. As an independent company, we offer an efficient and flexible approach to lending, standing in contrast to the more rigid criteria restricting institutions.

We consider each loan on a case-by-case basis, taking a pragmatic approach to provide clients with cash quickly and with more certainty. This enables our borrowers to complete on transactions and developments with more ease, and keep the focus on their property.

Wigston Update

Refurbishment of Derelict Factory in Wigston, Facilitated by Development Loan from Blackfinch Property.

In May 2019, Blackfinch Property provided a development loan of £1.8m for the refurbishment of a derelict factory in the East Midlands.

Planning approval had been obtained for the building to be converted into a modern 27-unit residential development of 1 and 2-bedroom apartments. This will comprise a steel frame with brick elevations.

Less than a year later, significant progress has been made on the project. As at January 2020, the developer has stripped out the interior of the building, as well as undertaking extensive subterranean drainage works for the future apartments…read the full article here

Digbeth

The team successfully delivered funding within a compressed two-week timeframe

Blackfinch Property has recently provided a £0.4m bridging loan to aid the purchase of a plot of land in Digbeth, Birmingham.

The brownfield land is currently being used as a car park with ancillary buildings. The borrower intends to put the site through planning to obtain permission for 40 new build residential apartment units, including 34 two-bedroom and six one-bedroom properties.

The planned properties would be close to local amenities, and less than a mile away from Birmingham New Street train station, providing easy access to other UK cities and airports…read the article here

Blackfinch Property Continues Growing its Team

Blackfinch has made the additional hire to meet increasing business demand in 2020.

Lucas Cutts has joined Blackfinch Property as an Investment Assistant. His arrival follows the recent appointment of Jordan Kong, also as an Investment Assistant, in Q4 2019, and takes the team’s headcount to 13.

The team includes investment and accounts specialists, plus an in-house legal team as a unique feature. This enables the firm to produce finance documents internally and save time at the back end of the due diligence process.

Lucas (pictured) previously worked at Equilaw where he spent four years as a Senior Case Manager, handling over 150 cases per month, with a specialism in residential conveyancing…read the full article here

Blackfinch Property Expands Its Headcount

With an increase in deal flow from last year, Blackfinch Property is expanding its team to support continued growth.

Blackfinch Property has hired Jordan Kong to join its expanding team as it makes more loans, supporting developers across the UK. Blackfinch Property has had a successful year and has extended its total lending considerably.

Blackfinch Property launched in 2014 and in early 2019 it surpassed £150m of loans underwritten on bridging and development. Blackfinch Property is sector agnostic, having recently provided its first loans to developers of properties within the supported living, eco-home and social housing sectors…read the full article here

Blackfinch Property’s Smooth Refinance

Blackfinch Property’s Flexible Approach Enables Smooth Refinance to Repay a More Complex Bridging Loan to a Developer in Devon

As a provider of financing solutions Blackfinch Property offers an efficient and flexible approach. This applies throughout the life of a loan as the team continues collaborating with developers. Blackfinch works with multiple parties on complex structures, often on deals with complicated backgrounds. The team’s focus is on helping the property community and the UK property market to grow, in turn supporting local economies and communities…read the full article here

Newhaven

Blackfinch Property Supports Development of Eco-Homes in East Sussex

The development loan will be applied to a unique project in Newhaven.

Blackfinch Property has provided a loan of £2.4m for a development of eco-homes in the marina town of Newhaven, East Sussex. The loan facility will enable the demolition of existing buildings and erection of 13 eco-apartments within two blocks…read the full article here

Seven Sisters

Blackfinch Property Provides £6.7m Development Loan.

Blackfinch Property has completed a £6.7m development loan to Elemento Group on a project in a prime location in London.  The development loan will facilitate the demolition of an existing property to make way for a new five-storey building, which will comprise of 25 residential units, including eight social housing units… Read the full article here

Property in West Midlands

Blackfinch Property Completes its First Loan in the Supported Living Sector.

Blackfinch Property has provided a bridging loan for £2.8m to the purchaser of a property in the West Midlands. The bridging loan was used to complete the purchase of the building already suitable for supported living and lease to a charity. It is expected that the freehold will be sold once fully occupied. This will help the charity further its work with those requiring supported living facilities, enabling vulnerable adults to live more independent lives…read the full story here

 

Events

Blackfinch Property Attends the NACFB Commercial Finance Expo.

As part of our support for the UK property market, Blackfinch Property announced itself as a patron of the National Association of Commercial Finance Brokers (NACFB) in January 2019, having originally joined in August 2018. This month, we were delighted to participate for the first time in its key annual event, the NAFCB Commercial Finance Expo. Now in its tenth year, the eventread the article here.

A Key Milestone

blackfinch property breaks through the £150m mark.

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…read the article here.

Wigston

Blackfinch Property Provides Development Loan for Refurbishment of Derelict Factory.

The building is a factory in a derelict state and in need of refurbishment. The loan will be used to fund part of the original investment by the shareholders when they purchased the property, as well as to convert the factory into residential dwellings. The building will be converted into a modern 27-unit residential development, comprising 1 and 2-bedroom apartments. The loan will assist in regenerating both the site and the surrounding Wigston area, contributing to the local economy as well as giving first-time buyers the opportunity to get on the property ladder…read the article here

Masseys Folly

Blackfinch Property provides development loan for work on 19th Century folly based in Hampshire.

Blackfinch Property has recently provided a loan for the development of Massey’s folly, an ornate building based near Alton in Hampshire. The 18-month loan will be used to renovate and repurpose the Grade-II listed property. The building will be developed into five residential units. These will be based within the property’s original structure. There will also be a further two newly built cottages to the rear of the main building.

The folly’s distinctive and identifiable red-brick and terracotta tiles meant that the property initially took 30 years to build. It is a local landmark with a national profile…read the article here

Sutton Coldfield

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…read the article here

Woodland Grove

Blackfinch Property Provides Development Loan for a Residential Refurbishment in Bristol.

Blackfinch Property continues investing in the Southwest region, here supporting a building contractor it has worked with previously on other projects.

The property for which it has provided a loan is a modern five-bedroom house situated in Stoke Bishop, an affluent city suburb of Bristol. The loan is being used to purchase the site, as well as for the subsequent clearance of the land and erection of the dwelling…read the article here

Cradley Heath

Blackfinch Property Provides Development Loan for Residential Properties in the West Midlands.

Following a loan provided by Blackfinch Property, a brownfield site situated in the West Midlands will undergo extensive development to become a series of new residential properties in Cradley Heath.

The loan is to be used for the purchase of the site, clearance of the land and erection of the dwellings. The site is not currently in use and will be cleared in preparation for the development. The development will comprise two, three and four-bedroom, semi-detached and detached houses. It will make up the first two phases (36 units) of a larger 53-unit modern residential development…read the article here

Wellpark Offices

Blackfinch Property has provided a bridging loan to restore a building based in Glasgow.

The listed building, which now serves as offices for local companies has car parking facilities and is easily commutable for employees- making it an ideal working location.

Wellpark offices are situated within a 10 minute walk from both Bellgrove and High Street train stations, meaning it is also accessible from other cities. There is also a regular bus service, meaning it is well connected for work commuters throughout Glasgow. The loan provided good security with an underlying yield and no empty rates were payable.

Rogano

Blackfinch Property completes its first loan in Scotland.

Rogano has an art deco feel and is set over two floors with an external seating area. Oysters and champagne are key features of its menu, however it also offers a café menu in its downstairs, which includes afternoon tea.

The restaurant has an unrivalled reputation with a history dating back over 80 years. The owners also run other successful businesses within Glasgow city centre, and Rogano has been under their management for 11 years. The loan will enable the owners to support the continued successful running of Rogano as an independent outlet operating among many newer restaurant chains…read the article here

Liverpool Road

Blackfinch Property provides development loan for a hotel refurbishment in Central Manchester.

The loan is being used to refurbish a dilapidated Grade II listed property into a boutique hotel. The experienced developers are proven hoteliers with an excellent track record including in the North West.

The property, situated in central Manchester, has an ideal location, being a short walk from nearby train stations and the city centre…read the article here

Loyola Hall

Blackfinch Property provide development loan to transform building into four-star hotel.

Loyola Hall, situated in Merseyside Liverpool, has been renovated into a hotel with just under 50 bedrooms available for guests. The hotel also operates as a wedding venue, with its picturesque 17-acre site helping to set the perfect scene.

Loyola Hall is a Grade II listed period property, with a large, modern extension which was built in the 1960s. The initial building was completed in 1824 and we believe the renovation will put something old to good use again…read the article here

Dixie Dean

Blackfinch Property has provided a successful UK hotelier with a development loan for a proposed hotel in Liverpool.

This development, the Dixie Dean Hotel, named after one of Liverpool’s treasured football icons, will be constructed from old office buildings, built in the traditional gothic red-brick style popular across Liverpool. The developer is known to Blackfinch and has a good track record in the hotel industry. Refurbishment to a hotel will take 11 months, and will offer restaurant, bar and spa facilities, alongside an events space for weddings.

Alma de Cuba

Blackfinch Property has provided a bridging loan to a restauranteur based in the heart of Liverpool’s bohemian Ropewalks district.

The restaurant is situated in a former Grade II Roman Catholic church dating back to 1788, which was converted into a bar and restaurant in 2005. It provides an eclectic Cuban-Latin atmosphere, offering samba afternoon teas and Sunday service gospel brunches. The borrower is well known to Blackfinch Property, which has completed a number of loans with the developers this year.

Commitment to clients & market


We are here to help the property community and the UK property market progress. We look to support ambitious developers in their plans and in turn local economies. Our work includes projects that bring buildings back to life, create jobs, boost tourism, and enliven urban areas while honouring their heritage.

As part of our approach, our lending criteria can be extended to first time developers with strong management teams. We continue to work with like-minded, forward-thinking developers nationwide to help them achieve their aims.

TYPICAL LENDING CRITERIA

Our usual lending criteria is as follows:

– Loan durations from three months up to two years
– Loan sizes from £500,000 to £10,000,000
– Coverage for loans on properties and projects across the UK
– First charge taken over the property
– A wide range of loan-to-value positions with each project considered on its own merits

 

To get in touch with our property team
email [email protected] or call 01452 717989

Stay in Touch

This form collects your details so that we can send you updates about our services by email.