Recognise Bank has completed a £4.14m bridging loan to refinance a residential property portfolio across Twickenham and Surrey.
The facility supported an experienced residential investor and developer and was secured against three residential properties. Introduced by Matthew Archer of Tapton Capital, the 10-month loan completed at 75% loan-to-value (LTV).
The transaction allowed the borrower to refinance several existing facilities within a fixed timeframe. Three separate loans needed to be redeemed at the same time for the refinance to complete, requiring precise coordination. The structure provided short-term funding flexibility while giving the borrower time to progress the planned sale of the underlying assets.
Although the overall structure was straightforward, the case involved multiple operational and risk considerations, including:
coordinating redemptions across different lenders
using three residential properties as security
assessing asset quality and location, including two high-value homes in Twickenham
reviewing the borrower’s experience in the residential market
Timing also played a central role in the transaction. The borrower was based overseas throughout the approval and completion process, which required close coordination between all parties to manage communication, documentation, and independent legal advice. Maintaining alignment across time zones helped ensure the deal progressed in line with the agreed schedule.
Completion enabled the borrower to refinance the existing facilities and move into the next stage of their investment strategy.
“This was a refinance that required careful coordination due to the number of assets involved and the need to redeem multiple facilities at the same time,” said Richard Winston, lending manager at Recognise Bank (pictured left).
“By working closely with the broker and maintaining clear oversight of the details throughout the process, we were able to complete the transaction within the required timeframe to support the borrower’s timeline.
“This deal reflects our continued focus on providing pragmatic short-term property finance solutions for experienced investors, delivered through close collaboration with brokers and professional advisers.”
“This was a complex multi-asset refinance with real-time pressure,” said Matthew Archer, broker at Tapton Capital (pictured right). “The borrower was close to expiry on their existing facility, so we had to keep the incumbent lender fully engaged while pushing the deal forward.
“We worked to a tight deadline, fast-tracked valuations and moved straight into legals, all while the borrower was overseas. It was not straightforward, but everyone pulled together to get it done.
“A big thank you to the legal teams for their hard work, and especially to Richard at Recognise Bank for his steady support and clear approach throughout.”
Recognise Bank said the transaction highlights the role of bridging finance in managing complex refinancing scenarios where multiple assets and lenders are involved, particularly when borrowers face tight time constraints.
