Blackfinch Property has completed a five-year £1.1m bridging facility to refinance two residential buy-to-let properties in Waterloo, London.
The security comprises a traditional Victorian mid-terrace house let as a House in Multiple Occupation (HMO), alongside a one-bedroom flat within a three-storey apartment block.
Set close to London Waterloo station, the homes benefit from strong rental demand and excellent transport links. Together, the properties have a combined value of around £1.8m.
This transaction underlines Blackfinch Property’s commitment to thorough due diligence, paired with a flexible, solution-led approach. The borrower operated through a trust structure, which the team reviewed in detail before agreeing terms. Where one property had a short lease, Blackfinch avoided unnecessary delay by structuring the facility so the lease extension could be completed after drawdown, helping the refinance progress smoothly while keeping risk appropriately managed.
Nicola Mayes, Investment Manager at Blackfinch Property, said:
“We were delighted to work with Corrado at Bespoke Business Finance on this first transaction together. The high-quality location of the assets, being close to London Waterloo station, allowed us to take a flexible and commercial approach to any challenges which arose during due diligence. We would be delighted to work with the counterparties on transactions together in the future.”
Corrado Vulpio, Partner at Bespoke Business Finance, said:
“It’s great to see this deal over the line, with one or two challenges along the way, which is a testament to the seamless cooperation between all involved parties. I will be continuing to work closely with this client to assist with their portfolio growth strategy and hope than many of these transactions along with other client business can be successfully introduced to the Blackfinch team in the not-too-distant future.”
Both properties have Energy Performance Certificate (EPC) ratings in line with government energy efficiency standards. To recognise the strength of the energy performance and the benefit this can bring through lower running costs, Blackfinch Property applied an interest-rate discount in line with their Sustainable Linked Lending Policy.
The facility has a clear and straightforward route to repayment, with the intention to refinance at the end of the term. This is the first transaction Blackfinch Property has completed with Bespoke Business Finance, and we look forward to building a strong working relationship and supporting future deals together.