StreamBank has successfully completed a £720,000 commercial bridging loan to facilitate the sale of a property located in Birmingham’s prestigious Jewellery Quarter.
The loan, introduced by Riana Azam, Director at Independent Cashflow Solutions Ltd, and coordinated by Jamie Smith, Business Development Manager at StreamBank, was secured against a commercial asset valued at over £1 million in a prime central location.
This facility allowed the borrower to repay an existing loan, which had specific lease conditions requiring full repayment in connection with a high street term facility. Structured at 70% gross loan-to-value, the loan provided the full net amount required for the redemption.
StreamBank’s flexible approach to lending, offering up to 70% of open market value on commercial properties, continues to provide crucial support for property investors seeking fast and responsive financial solutions.
In addition to the loan completion, StreamBank also announced the appointment of Lee Warne as senior business development manager for London and the South East, further strengthening its broker support network.
“This deal perfectly demonstrates the type of bridging finance StreamBank is renowned for,” said StreamBank BDM Jamie Smith (pictured). “It’s flexible, responsive, and aligned with the borrower’s goals. In this instance, the priority was to exit an existing facility quickly while allowing time for a proper sales process in a thriving local market.”
“We’re pleased to provide both the borrower and broker with a solution that works within the client’s broader financial position and commercial strategy,” Smith added.
Riana Azam, director at Independent Cashflow Solutions Ltd, added, “StreamBank’s speed of execution and involvement in the credit process is refreshing. The team is always accessible, discussing every step of the transaction and providing clear commercial reasoning. It’s been a pleasure working with them.”
