UK’s Blackfinch Property Finalizes £4.3M Refinance BTL Loan for Residential Property Complex in Archway London

Blackfinch Property, the Gloucester-based rapidly growing agile lender to the UK property market, has completed a £4.3m buy-to-let (BTL) refinancing loan “for the completion of a collection of seven modern and energy-efficient homes contained by a gated closed mews in Archway London.”

The 24-month deal from Blackfinch Property “represents the firm’s fifth buy-to-let loan completed for the same longstanding client.”

The facility will be “used to refinance the seven properties from a previous lender and repay other investments relating to property development, enabling the provision of much-needed high-quality, newly built, energy-efficient houses in Archway, London, where there is a high demand for improved living standards.”

In addition, all seven properties have been “completed with an energy rating of B or above and come with energy performance certificates evidenced on file to comply with London’s low pollution targets and Blackfinch Property’s high environmental, social and governance (ESG) standards.”

The development is “a terrace of two and three-storey mews houses, each with a private patio and first-floor Juliette Balcony.” Blackfinch has structured this deal “with a loan-to-value ratio (LTV) of 70%, and the borrower will refinance onto longer-term debt as part of the exit strategy.”

Nicola Mayes, Investment Manager at Blackfinch Property, commented:

“We are delighted to have completed another deal with this highly experienced client and brokerage firm. The homes are prime examples of the sort of assets we want to fund, being high quality, newly built, energy-efficient buildings which are fully let out. The properties are in a high-demand central London borough, where there will be no shortage of prospective tenants.”

Blackfinch Property is “a fully funded provider of innovative short-term bridging and development financing solutions.”

The firm says it has “a heritage dating back over 25 years” with which they “bring significant experience, operating across mainstream and specialized markets.”

Each of their businesses is “dedicated to an area of investment that is key for clients.”

Whatever the economic climate, they work “to ensure that our products meet customers’ needs.”

They continually evolve their offerings “through constant adaptation to change, from market shifts to new regulation.”

As noted by the firm, their service “encompasses more than investment strategy and management.”

They aim to “provide extensive support to advisers and our services are accessible to all customers throughout the investment process.” Their focus is always “on delivering value through expertise and a high-quality service with a transparent approach.”

They continue to grow alongside their financial planning partners and their clients, “trusted with over £500 million under management and administration.”

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