A £642,000 bridging finance facility has enabled the acquisition and refurbishment of two buy-to-let properties in Kent, with funding secured against three assets.

StreamBank has reduced its bridging finance rates and expanded its valuation criteria as the specialist lender targets growth in 2025.

StreamBank offers bridging loans from £100,000 to £3 million across residential, commercial and refurbishment categories.

The borrower required a rapid completion with funding in place within 14 days.

Rates start from 0.66% per month with title insurance included

The loan was structured at 70% LTV, providing the full net amount required for the borrower’s redemption.

The funding was secured against the borrower’s current residence in Pathhead, Scotland which is currently listed for sale, and was used to raise capital toward the purchase of a...