MAGAZINE
Ju ly/Au g 2 0 26
Showcasing the latest successful transactions in the specialist finance market
ontents
Explore the month’s most exceptional deals and standout cases from leading experts in the specialist finance industry, all in B&C Magazine’s DOTM Special
3 MS Lending Group 4 Octane Capital 5 West One 6 Together 7 Hampshire Trust Bank
8 Black & White Bridging
9 Avamore Capital 10 Lendco 11 Roma Finance 12 Masthaven Finance
MSLG
MSLG AUGUST 2026 CASE STUDY
BMV completion
Loan size: £168,000 Loan term: 12 months LTV: 80% Reason for loan: Funding to secure the purchase of residential property below market value Location: Bolton Exit plan: Refinance and retain in their portfolio Time to fund: 13 days Broker/Borrower/Relevant parties: Sales director Jamie Pritchard, Underwriter Mike Watson, Processor Chung Liu
A new client approached MS Lending Group looking to secure funding for a BTL investment in Bolton. The borrower secured four one-bedroom flats through an off-market block acquisition, agreeing on a purchase price below the properties’ market value. This allowed us to provide a £168,000 gross loan, equivalent to 80% of the purchase price. The flats were already tenanted before the purchase, with no works required during the loan term. The client plans to increase the rental income before refinancing the properties onto a longer-term BTL facility and retaining them as part of their growing portfolio. This is exactly where MS Lending Group’s Below Market Value Bridge adds value. On genuine private purchases, we can consider the purchase price against the open market value, allowing us to provide greater leverage against the price being paid and reduce the client’s upfront cash contribution.
Jamie Pritchard commented: “Below market value transactions are often about more than simply achieving a higher leverage. The client needs a lender that understands the opportunity, can establish that the discount is genuine and has the ability to deliver within the required timescale. In this case, the borrower had secured four already tenanted flats through an off-market acquisition, with a clear plan to improve the rental position and refinance onto a longer-term facility. Completing in 13 days gave the client the certainty they needed to secure the properties and continue building their portfolio.” July/Aug 2026 | 3
O C TA N E
Octane completes
£6.19m Wimbledon
development exit facility Octane Capital completed a £6.19m development exit facility secured against a newly completed 18-unit residential scheme in Wimbledon, south-west London. The 18-month facility refinanced an existing development loan on a scheme comprising 16 private apartments and two affordable units. Structured at 64% day-one LTV and 70% LTGDV, it included a £5.65m day-one advance and a rolled interest facility. The funding was designed to give the borrower flexibility to refinance individual apartments onto BTL mortgages without increasing leverage. Interest will be serviced for the first six months before moving to a fully rolled structure for the remaining 12 months. The facility also included a 1% arrangement fee, built-in refinance review milestones and an agreed open-market sales strategy if refinance targets are not met. The transaction also refinanced the existing lender while reducing a deferred consideration balance under an intercreditor agreement, simplifying the capital structure during the exit phase. The deal was led by managing director (sales) Richard Deacon, with underwriting by Andrew Becker, senior structured finance 4 |
manager, and Rick Hollingsworth, head of short-term credit. Savills acted as valuer and Weightmans as legal adviser.
Richard Deacon
Richard Deacon commented: “This transaction demonstrates the value of a pragmatic and flexible approach to development exit funding. The borrower required a structure that refinanced the existing lender while providing the time and flexibility to maximise the exit strategy across the completed units. By working closely with the customer and their advisers, we delivered a solution that eased cash flow pressures and supported both refinance and open-market sale routes. Tailoring funding around a borrower’s business plan is becoming increasingly important in today’s market.”
WEST ONE
Redevelopment facility unlocks £9.2m GDV from vacant city centre asset West One provided a £5.78m redevelopment facility over 18 months at 62.82% LTGDV to suppor t the transformation of a vacant mixed-use office and retail building in Sheffield city centre. The experienced developer owned the six-storey property, valued at £2.3m in its existing form. Although well located, the building was no longer being used effectively. With planning permission already secured, the client required funding to unlock the site’s full potential. The facility was structured to support the conversion of the existing building into 43 residential apartments, alongside the creation of three new commercial units within the basement and car park. The funding included a 12-month build period followed by a six-month sales window, with flexibility to accommodate off-plan sales throughout construction. The redevelopment will transform an underutilised asset into a mixed-use scheme with a GDV of £9.2m, creating
multiple exit strategies through residential sales and commercial space. The tailored funding structure enables the client to deliver the project efficiently while maximising the value of the development.
Guy Murray
Are you a developer with a new project that needs funding? Get in touch with West One by emailing developmentfinance@westoneloans.co.uk or calling 0333 123 4556.
July/Aug 2026 | 5
TOGETHER
£1.2m
bridging loan helps homeowner secure Cairngorms dream move Loan size: £1.2m Loan type: Regulated bridging Loan term: 12 months Loan LTV: 60% overall LTV Reason for loan: Purchase of a new main residence Exit plan: Sale of two existing properties and additional personal savings General transaction details: Crystal Specialist Finance approached Together to support an affluent managing director to purchase a new £1.2m home in the Cairngorms before selling two existing properties. Although the client had significant wealth tied up in their property portfolio, they needed fast funding to secure the purchase. Having previously completed several £1m-plus commercial transactions with Together, Crystal introduced the case to the lender’s Premier for Intermediaries team. A £1.2m regulated bridging loan was secured against the client’s main residence and a second home in Edinburgh, with repayment planned from the sale of both properties, supported by additional personal savings. Taking a pragmatic view of the client’s overall financial position, Together assessed the 6 |
wider strengths of the case. As a traditional mortgage could not be arranged in time, we structured a 12-month facility at 60% loan-to-value, allowing the client to complete the purchase immediately while providing sufficient time to sell their existing assets.
Jason Berry, group sales director Kara Williams at Crystal Specialist Finance, commented: “Having previously worked with Together on larger transactions, we were confident they had the expertise to support 35 our new client’s homes_York3.png plans. Communication was excellent throughout, and the Premier for Intermediaries team kept the case moving at pace, giving both us and the client confidence from start to finish.” Kara Williams, key account manager at Together, commented: “Our longstanding relationship with Crystal meant we understood the importance of maintaining momentum. By working closely with the broker and our Premier for Intermediaries team, we delivered a solution that met the client’s needs and helped them secure their new home.”
HAMPSHIRE TRUST BANK
Acquisition of a 14-unit MUFB
Loan size: £2.5m Bridge term: Three months
A £2.5m bridge-to-term facility helped an experienced landlord acquire a discounted 14-unit Brighton MUFB while preserving capital to improve the property before refinancing onto an HTB term facility. An experienced landlord identified the opportunity to acquire a multi-unit freehold block from a retiring landlord below market value. Preserving capital to modernise the property immediately after completion helped enhance both value and rental income before refinancing. Introduced by Paul Lyons at Carbon Funding, Hampshire Trust Bank (HTB) provided a three-month bridging facility at 90% of the purchase price, allowing the acquisition to complete while retaining funds for the planned improvements. The transaction also involved transferring the property between companies within the borrower’s corporate structure as part of a wider investment strategy. Following completion, the borrower installed new bathrooms, redecorated the flats and replaced flooring throughout. The improvements enhanced the property’s presentation, while increased rental income
Bridge LTV: 90% of the purchase price Purpose: Acquisition of a 14-unit MUFB Location: Brighton Exit: HTB term facility Broker: Paul Lyons, Carbon Funding supported a higher valuation ahead of the planned refinance. Three months later, the borrower refinanced onto an HTB term facility, completing the funding strategy. They have since returned to HTB for further borrowing as they continue growing their portfolio.
Serena Grewal, regional account manager, specialist mortgages at Hampshire Trust Bank, commented: “The bridge formed part of the wider investment strategy from the outset. Lending at 90% of the purchase price allowed the borrower to preserve capital, improve the property and increase its rental income before refinancing three months later. We’re seeing more experienced landlords plan funding across the whole investment journey, giving them the flexibility to continue investing as new opportunities arise.”
B L AC K & W H IT E B R I D G I N G
A repeat borrower known to B&W purchased a five-bedroom semi-detached Victorian property in Finsbury Park, North London, to refurbish and sell. An experienced developer with a proven track record, they specialise in creating affordable luxury homes across London and work with a trusted contractor to deliver high-specification finishes. The 2,055 sq ft property, including a cellar and rear garden, was purchased in good condition but requires extensive modernisation. While the kitchen is dated, the home retains many original period features, including cornicing, ceiling roses, panelling, fireplaces, shutters and sash windows. The refurbishment will preserve these character features while introducing bespoke contemporary finishes. The planned exit is a sale, with the borrower expecting to complete within three months of listing, supported by strong estate agent relationships and targeted online marketing. Jordan Willis, broker at JW Private Finance, commented: “It’s great working with B&W, knowing I have Shahed at the end of a call or Agne to help with complex underwriting. The close working relationship really stands out, and I look forward to working together in the future. Hopefully I can join B&W on some of their extra-curricular activities too. I like what they represent as a company by doing things differently.” 8 |
Loan size: £1.5m Loan term: 14 months LTV and/or GDV: 70% LTV and 69% LTGDV Rate : 0.95% Reason for the loan/loan use: Purchasing a property and carrying out internal refurbishment Exit plan: Sale Shahed Popat, relationship director at B&W, added: “Prime refurbishment opportunities continue to present attractive prospects for experienced developers, but they require funding partners who understand both the asset and the business plan. By understanding the full story behind each case and combining speed with specialist expertise, we’re able to structure flexible finance that helps experienced developers unlock value in high-quality residential assets across London.”
AVA M O R E C A P ITA L
Bespoke funding powers ambitious nine-flat development Avamore Capital completed a £2.18m ground-up development facility to support the construction of a nine-flat residential scheme. Introduced by Kelsey Phillips at Arose Finance, the transaction presented several complexities. The borrower was a first-time developer with no previous construction or development experience, while the site’s location, adjacent to a railway line, required compliance with a Basic Asset Protection Agreement (BAPA). The scheme also featured an unconventional unit mix, including several f ive-bedroom apar tments, requiring careful consideration of the project’s exit strategy and market demand. Despite these challenges, Avamore worked closely with the broker and borrower to understand the project’s strengths and deliver a funding solution tailored to its specific requirements.
Kelsey Phillips, head of specialist finance Adam Butler at Arose Finance, commented: “We are delighted to have partnered with Avamore to deliver a fantastic outcome for our client. This complex nine-flat ground-up development required considerable diligence, collaboration and resilience from all stakeholders. Avamore adopted a pragmatic and commercial approach, looking beyond the borrower’s limited development experience and working closely with Arose to address the outstanding BAPA requirements, non-material planning amendments and unconventional unit mix. Their support extended beyond simply providing funding and helped provide the client with the certainty and confidence needed to move forward.” Adam Butler, sales and marketing director at Avamore Capital, commented: “This transaction is a great example of the value of taking a solution-led approach to lending. While the borrower was new to development and the scheme had a number of complexities, we focused on the overall strength of the opportunity and worked collaboratively with all parties to structure a solution that gave the client the confidence to move forward. It’s another demonstration of how Avamore supports projects that require a more considered approach.” July/Aug 2026 | 9
LENDCO
The Enquiry A broker approached Lendco on behalf of an experienced portfolio landlord looking to purchase a multi-unit block (MUB) in East London. The client needed a lender that could move quickly, providing certainty of execution on a competitive purchase while also funding a light refurbishment before transitioning onto a longer-term solution. The borrower had a strong track record of managing multiple investment properties, making them well placed to take on the project. They required a loan of £858,000 at 75% LTV, with a nine-month bridging facility and a planned exit onto a five-year fixed BTL mortgage. The Process With speed being a priority, we worked closely with the broker to keep the transaction moving, completing the deal in just three weeks. The planned refurbishment was light-touch, focusing on improving the communal areas and upgrading two vacant individual units. These works were designed to enhance the appeal of the two units, and therefore increase their rental income, rather than involving any structural alterations. Loan amount: £858,000 LTV: 75% Term: Nine months/ Five-year fix
The deal was further strengthened by the fact that the majority of the units were already tenanted, providing immediate income, while prospective tenants had already been identified for Graham-Palmer the refurbished units. Combined with the borrower’s proven experience as a portfolio landlord, this gave us confidence in both the business plan and the proposed exit strategy. The Outcome The refurbishment was completed successfully in five months, well within the original nine-month bridging term. Once the works were finished, the borrower refinanced seamlessly onto a Lendco BTL mortgage, providing a straightforward transition to long-term funding without the need to source a new lender or wait for the end of the term. As part of our Bridge-to-Let proposition, the borrower also benefited from a 0.15% discount on the BTL rate card. The broker received a procuration fee on both the bridging loan and the Buy-to-Let refinance, rewarding them throughout the client’s journey. Further, the client also benefited from a refund of their valuation fee, another feature of our light-refurb bridge-to-let proposition. The case highlights how Lendco’s flexible underwriting, fast decision-making and integrated Bridge-to-Let solution can help experienced landlords secure properties quickly, add value through refurbishment and move efficiently onto long-term finance with a clear, reliable exit strategy.
ROMA FINANCE
ROMA FINANCE COMPLETES LANDMARK £6M DEAL Roma Finance has completed its largest loan to date, delivering a £6m facility across a recently completed residential development and a wider BTL portfolio. Working alongside the broker, Roma structured the transaction through two linked facilities. The first was a development exit loan secured against a completed scheme of six two-bedroom apartments. Following completion of the development, the borrower required funding to refinance their existing loan and release restrictions across other assets within their portfolio. The facility provided the flexibility needed to implement a longer-term funding strategy while supporting future growth plans. Alongside this, Roma provided a second facility at 75% LTV to refinance 11 BTL properties. By structuring both loans simultaneously, Roma was able to deliver a tailored solution that addressed multiple requirements within a single facility. The case highlights the increasingly complex needs of property investors, who often require solutions that work across
multiple assets, strategies and timescales. The property investor said: “Roma and Rahul at Rainstone Money have completely changed the game for me. Both parties were proactive throughout, communication was excellent, and they helped simplify the whole process, while creating opportunities for future growth.” Rahul Modasia at Rainstone Money added:“One of the most complex and challenging transactions of my career, this deal truly demonstrated the value of having the right team behind me. By partnering with Roma as the lender, we were able to structure a solution that met the client’s needs while providing the structure required to make the transaction work.”
Sonia Mann
Sonia Mann, head of sales at Roma Finance, commented: “Completing our largest-ever loan is a fantastic milestone and demonstrates our continued growth as a specialist lender. What stood out most was taking the time to understand the bigger picture and structure a solution that supported both the borrower’s immediate requirements and longer-term ambitions. That’s exactly what we strive to do at Roma.”
July/Aug 2026 | 1 1
The Ask Our broker approached us on behalf of a client who had inherited a high-value property in Northampton. The client needed to raise a substantial sum quickly to repay
Loan size: £726,853 Loan term: 12 months LTV and/or GDV: 59% LTV Reason for the loan/loan use: Repay loans made by the executors of the estate and to settle an outstanding inheritance tax liability with HMRC Exit plan: Via sale Time taken to complete: 12 weeks Rate: 0.89% per month
loans made by the executors of the estate and to settle an outstanding inheritance tax liability with HMRC. The client needed £726,853 secured against the inherited property. The Challenge The client’s credit profile presented real obstacles. They had an unsettled CCJ registered within the last six months, missed mortgage payments in the last twelve months, and arrears on an existing secured loan-none of which were being cleared as part of the new facility. Add to that the time pressure of an HMRC inheritance tax deadline, where interest and penalties accrue on unpaid liabilities. The Fix We looked past the historic credit issues and focused on the fundamentals: a
M A S T H AV E N
strong security property valued at £1.5m, a comfortable 59% LTV, and a clear, credible exit through the sale of the property. We produced a regulated first charge bridge of £726,853 at 0.89% per month, with interest rolled up over the 12-month term-meaning no monthly payments were required, a crucial feature given the client’s recent payment history. Just as importantly, we kept the case on track throughout. Regular communication with the broker and active management of key deadlines like valuation expiry, meant the case was ready to complete the moment HMRC’s figures arrived.
The Benefit Despite delays entirely outside the client’s control, the client was able to repay the executors’ loans and settle their inheritance tax bill with HMRC promptly, avoiding further penalties and interest. With interest fully rolled up, there was no monthly servicing burden while the property was marketed, giving the client a full 12 months to achieve the best possible sale price rather than being forced into a quick, discounted sale.
July/Aug 2026 | 1 3
Say Hello Beth Fisher
Managing Director beth@medianett.co.uk
Ellen Townsend
Premium Account Manager ellen@medianett.co.uk
Dhuha Al-Zaidi
Magazine Manager dhuha@medianett.co.uk
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Let’s make your success story shine.
Refurbishment
Part Complete Development
Development
Bridging
Funding for light, medium or heavy refurbs Grade listed and student accomodation considered No exit fee regardless of the build cost
Flexible on experience Solution driven equity structures Flexible on PGs
How can we help?
Ability to step in at any stage of the build Experienced team with strong track record in funding PCDs Pre-agreed equity release available
Acquisitions and development exits Net Sales proceeds available Lend against OMV not 180 day value
020 3440 9651 www.avamorecapital.com enquiries@avamorecapital.com