Episode 30 - Tuesday 8th September

Mixed-use refinancing, part-complete development funding and multi-asset bridging highlight continued lender pragmatism

This week's transactions highlight continued activity across mixed-use refinancing, part-complete development funding and multi-asset bridging, with specialist lenders taking practical views on more complex cases where the underlying structure and security remain strong.

As borrowers continue to navigate technical, legal and refinancing challenges, specialist lenders remain focused on understanding the individual circumstances behind each transaction. Whether providing additional time to resolve outstanding building regulations, funding the completion of a part-built development or structuring a facility across multiple investment assets, pragmatic underwriting and clearly defined exit strategies continue to play an important role in getting deals completed.

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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Albatross Lending Group completes £746,481 mixed-use refinance in Leicester

Transaction Overview:

Lender: Albatross Lending Group
Facility: Bridging Loan
Loan Size: £746,481
Leverage: 63% LTV
Location: Leicester

Albatross Lending Group provided a £746,481 gross bridging facility to refinance an existing loan secured against a completed mixed-use conversion in Leicester.

Access to longer-term finance had been delayed by outstanding building regulations sign-off, with part of the issue involving the local authority and matters outside of the borrower's control.

With the existing bridging facility approaching maturity, Albatross worked closely with the borrower and quantity surveyor to assess the remaining works, agree an appropriate contingency and structure a 12-month facility against a £1.18 million market valuation.

The facility provides the borrower with additional time to complete the outstanding works, secure building regulations sign-off and progress towards refinancing onto longer-term commercial finance.

Deal Team:

• Albatross Lending Group team.

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MS Lending Group completes £219,369 part-complete development facility

Transaction Overview:

Lender: MS Lending Group
Facility: Part-Complete Development Facility
Loan Size: £219,369

MS Lending Group completed a £219,369 facility secured against a part-complete development of flats, providing funding to refinance existing borrowing and complete the remaining works.

The facility was used to redeem an existing charge while providing the additional capital required to progress the development towards completion.

The initial enquiry was received as a quote request on 30th July, with the full information pack, including a desktop valuation, received on 11th August. Solicitors were instructed on 17th August, with the transaction funding four days later on 21st August.

The case required a flexible approach to several legal points. Following its assessment of the borrower, broker and wider transaction, MS Lending Group took a commercial view and agreed to proceed without requiring contractor and build team assignments to be passed across.

The transaction demonstrates how pragmatic underwriting can help prevent unnecessary delays where a lender's own due diligence provides sufficient comfort around the borrower, security and wider development.

Deal Team:

• Tom Herbert, Relationship Manager, MS Lending Group.
• Mike Watson, Underwriter, MS Lending Group.
• Reuben Pickles, MS Lending Group.
• Dylan Rose, MS Lending Group.

ScotLend Group completes £2.17 million multi-asset refinance and capital raise

Transaction Overview:

Lender: ScotLend Group
Facility: Multi-Asset Refinance & Capital Raise
Loan Size: £2,170,904
Security Value: £4.145 million across three investment assets

ScotLend Group completed a £2.17 million first-charge facility secured against three investment assets, with additional security taken over land where the borrower intends to obtain planning permission for residential plots.

The facility was structured to clear existing borrowing across two of the secured assets alongside additional outstanding debt associated with recent developments.

The proposed exit is through the sale of two of the investment assets, both of which are currently being marketed.

With several assets, existing debts and parties involved, the transaction required a detailed underwriting process. ScotLend worked to balance the requirements of the exiting lender, introducer and borrower while ensuring the overall security package provided sufficient comfort to support the facility.

The transaction highlights the role multi-asset lending can play where borrowers have more complex refinancing and capital-raising requirements, with additional security helping create a structure capable of addressing several funding requirements within a single facility.

Deal Team:

• Ruth Aimson, Head of Sales, ScotLend Group.
• David Travers, Co-founder & CEO, ScotLend Group.

What this week's transactions tell us about the market

This week's transactions highlight continued activity across mixed-use refinancing, part-complete development funding and multi-asset bridging, with specialist lenders demonstrating the value of practical underwriting when more complex circumstances arise.

Refinancing continues to play an important role where technical or regulatory issues delay access to longer-term funding. In mixed-use cases, outstanding building regulations or matters outside of a borrower's control can create pressure as existing facilities approach maturity, with bridging finance providing additional time to resolve outstanding requirements and progress towards a longer-term solution.

Development funding also remains reliant on lenders being able to take a commercial view where appropriate. Where due diligence is strong and the borrower, broker and wider project provide sufficient comfort, flexibility around legal requirements can help prevent unnecessary delays and keep part-complete schemes moving towards completion.

Meanwhile, multi-asset facilities continue to demonstrate how broader security packages can support more complex refinancing and capital-raising requirements. Where several assets, existing debts and exit routes are involved, detailed underwriting and close coordination between all parties remain crucial to structuring a workable solution.

Across this week's transactions, the recurring theme is the value of pragmatic underwriting. Whether overcoming technical sign-off issues, navigating legal requirements or structuring facilities across multiple assets, specialist lenders continue to support transactions where there is strong underlying security and a clearly defined route to repayment.

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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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