Episode 28 - Tuesday 18th August

Portfolio refinancing, revolving credit and fast-moving acquisition finance highlight continued lender flexibility

This week's transactions showcase continued demand for specialist funding solutions across acquisition finance, capital raises and refurbishment-led bridging facilities.

As borrowers look to unlock equity, expand their portfolios and enhance existing assets, specialist lenders continue to structure facilities that balance flexibility, speed and clearly defined exit strategies. Whether supporting a multi-property acquisition, combining a capital raise with a residential purchase or funding the final stages of a high-value refurbishment project, lenders remain focused on tailoring finance to each borrower's individual requirements.

Below are three of the standout transactions from this week's market activity, followed by Owen Nayar's commentary on the key trends emerging across the real estate lending market.

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Glenhawk completes £5.3 million HMO portfolio refinance in Coventry

Transaction Overview:

Lender: Glenhawk
Facility: HMO Portfolio Refinance
Loan Size: £5.3 million
Leverage: 75% LTV

Glenhawk completed a £5.3 million bridging facility secured against 66 HMO rooms across four freehold titles in Coventry city centre.

Structured over a 12-month serviced term against the investment value of the properties, the facility enabled the borrower to transfer the assets into a new SPV while supporting their wider exit plans and longer-term investment strategy.

The transaction required additional flexibility, with an amendment to the facility and further security introduced to maximise the day-one drawdown. By adapting the structure around the borrower's requirements, Glenhawk was able to provide the funding certainty needed to complete the refinance.

Deal Team:

• Harry Dick-Cleland, Underwriter, Glenhawk.
• Annaliese Ellis, Business Development Manager, Glenhawk.
• Jo McCarthy CeMAP CEFA, B2Bfinance.com.

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Morpheus Lending provides £2.5 million revolving credit facility for portfolio investment

Transaction Overview:

Lender: Morpheus Lending
Facility: Revolving Credit Facility
Facility Size: £2.5 million
Day-One Drawdown: £1.5 million

Morpheus Lending completed a £2.5 million revolving credit facility for an experienced landlord, with £1.5 million drawn on day one.

The facility was secured against a mixed portfolio of unencumbered residential and commercial assets. With the transaction benefiting from low gearing, Morpheus was able to value the majority of the security in-house using its custom-built automated valuation model.

The facility will provide the borrower with flexible access to capital to modernise the existing portfolio while also supporting further acquisitions, creating a funding structure that can adapt alongside their wider investment strategy.

Deal Team:

• Morpheus Lending team.

MS Lending Group completes £198,750 auction purchase facility in 13 days

Transaction Overview:

Lender: MS Lending Group
Facility: Residential Purchase
Loan Size: £198,750
Location: Newquay

MS Lending Group completed a £198,750 first-charge facility secured against a mid-terraced multi-unit freehold block in Newquay comprising four self-contained flats.

The property was acquired at auction, creating a time-sensitive funding requirement. A desktop valuation was used to support the transaction, with the experienced borrower holding a sizeable existing portfolio and planning to split the titles following completion.

The offer was issued and solicitors instructed on the same day, with the facility completing just 13 days later. The transaction demonstrates the role specialist lenders can play in supporting auction purchases where speed and certainty are critical.

Deal Team:

• Michael Stratton, CEO & Founder, MS Lending Group.
• Rubie Downes, Underwriter, MS Lending Group.

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Lendco completes £1.5 million buy-to-let remortgage following down-valuation

Transaction Overview:

Lender: Lendco
Facility: Buy-to-Let Remortgage
Loan Size: £1.5 million
Leverage: 75% LTV

Lendco completed a £1.5 million buy-to-let remortgage for three experienced property investors refinancing a multi-unit block in North West London.

The transaction included several underwriting considerations, including units measuring less than 25 sq m and a down-valuation that placed the required loan amount at risk. Following further review, Lendco increased leverage from 70% to 75% loan-to-value against the revised valuation, allowing the full £1.5 million facility to be maintained.

Early credit approval and direct access to underwriting helped resolve outstanding queries quickly, enabling the borrowers to complete on their preferred two-year fixed terms.

Deal Team:

• Alex King, Executive Director, Lendco.
• James Doggett, Broker Sales Executive, Lendco.

What this week's transactions tell us about the market

This week's transactions reinforce several trends that continue to shape activity across the UK real estate finance market.

Overseas borrowers continue to attract lender appetite where the wider transaction provides sufficient comfort. Low leverage, strong UK credit profiles and established portfolio positions can help mitigate the additional considerations associated with borrowers based outside the UK, particularly where there is strong underlying security and a clearly defined exit strategy.

Portfolio refinancing also remains an important area of activity, with experienced investors continuing to consolidate existing borrowing while releasing additional capital. Larger facilities remain achievable where lenders have confidence in the quality of the underlying asset base, with development exit and buy-to-let refinancing allowing borrowers to simplify funding structures and support their wider investment strategies.

Meanwhile, bridging finance continues to demonstrate its value when transactions encounter unexpected challenges. Where an existing lender changes terms late in the process, specialist lenders can provide the speed and flexibility required to protect a transaction. The ability to rely on existing valuations can also reduce timescales where lenders are comfortable with the borrower, asset and overall security position.

Across all three transactions, one theme remains consistent. Specialist lenders continue to back borrowers where there is strong underlying security, appropriate leverage and a clearly defined route to repayment, while remaining flexible enough to structure facilities around increasingly diverse borrowing requirements.

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Why these Transactions Matter

Tuesday's Top Transactions showcases some of the most notable deals completed across the UK real estate finance market each week.

By highlighting completed transactions across bridging finance, development finance, commercial real estate lending and specialist funding solutions, the series provides brokers, lenders, developers and property professionals with valuable insight into current lending activity and evolving market trends.

More than simply reporting completed deals, each episode offers a snapshot of where lender appetite exists and how facilities are being structured to support increasingly complex borrowing requirements.

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Have a Transaction Worth Sharing?

If you've completed a notable real estate finance transaction and would like it featured in a future edition of Tuesday's Top Transactions, we'd love to hear from you.

Sharing successful deals helps showcase innovation across the market while providing valuable insight for brokers, lenders and property professionals following the latest lending activity.

To submit a transaction for a future episode, contact Owen here:

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