Recognise Bank has completed a £2.66m bridging finance facility to support a regional developer's redevelopment of a former social and recreational site in Burnage, Manchester.

Recognise Bank has completed a 15-month bridging loan for a mixed-use acquisition in Canterbury.

Recognise Bank has completed a £700,000 bridging loan secured against a Chelmsford workshop and storage complex, refinancing existing debt for an experienced commercial...

The 10-month loan completed at 75% LTV, enabling the redemption of three existing facilities at the same time.

The bank agreed the facility at 70% LTV, equating to 77% of the purchase price for the vacant commercial property.

The deal follows a £556,000 residential bridging loan announced by the bank earlier in January for a London investment property.

The £556k loan completed at 27% LTV on a twelve-month term.

The bank funded the deal at 70% loan-to-value, providing £1.825m for the London property acquisition.

The loan has a twelve-month term, giving the developer short-term liquidity to progress their programme

Planning is sought for at least 44 affordable homes on the land.