Structured Real Estate team delivers £9.05m commercial investment facility in five weeks

• Structured Real Estate team recently-formed to support professional investors with large and complex funding solutions
• Ability to provide tailored loan structuring to meet the unique needs of customers
• Internal collaboration with Development Finance team highlights benefit of using a specialist bank.

Our newly established Structured Real Estate team has marked a significant milestone in their journey with the successful completion of this sizeable deal. The team collaborated seamlessly with Broker Partner Curo Mortgages to assist an experienced property investor who was seeking a complex buy-to-let mortgage solution.

The new-to-bank investor had an existing loan secured against 89 self-contained units in a multi-unit freehold block (MUFB) and needed financing to repay this loan. Their goal was to retain 43 units for assured shorthold tenancies (ASTs) while selling the remaining 46 units to recover equity. We stepped in with a flexible funding package, providing a £5.15 million investment facility to meet the investor's needs.

However, challenges arose for the investor during the sale of the remaining units within their existing term. Recognising this hurdle, our Structured Real Estate team swiftly engaged our Development Finance team, just two weeks before completion, who crafted a £3.9 million Development Exit loan that enabled the investor to extend their sales timeline for 28 of the units. 

All-in, we tailored a bespoke five-year residential investment facility totalling £9.05m at 65% LTV, completing just five weeks from the initial enquiry. The collaboration between our Structured Real Estate and Development Finance teams was pivotal in seamlessly integrating both term and exit strategies, streamlining the process for the customer and ensuring a smooth transition for post-practical completion.

William Bowler, Head of Commercial Finance at Curo Mortgages, added:

“Our customer was extremely pleased with the successful completion of this deal with Shawbrook. Despite being an experienced investor with a history of working with various lenders, this was their first experience with Shawbrook, and the bank surpassed all expectations in delivering this funding. From initial conversations with Karan Doshi in the Structured Real Estate team to working alongside Tom Edmunds in the Development Finance team. Their ability to tailor a facility to meet the customer’s needs was outstanding and we both look forward to working alongside Shawbrook in the future.”

Karan Doshi, Senior Relationship Manager for Shawbrook’s Structured Real Estate team, commented:

“Our Structured Real Estate team has been working extremely hard behind the scenes to support customers requiring large and complex loans and we’re delighted to see our first completion, only a few months after our launch. We take pride in our ability to navigate the complexities of our customer’s goals and our collaboration with the Development finance team on this project in Northampton is emblematic of how we aim to find solutions to complex problems and deliver bespoke finance that truly aligns with our client’s ambitions.”

Tom Edmunds, Relationship Director for Shawbrook’s Development Finance team, commented:

“We launched our Development Exit loan earlier this year and its excellent to see how it can deliver positive outcomes for our customers. As a specialist bank, we excel in providing complex funding solutions, and this case highlights our team's ability to collaborate in-house to support customers with unique needs. We look forward to working alongside our Real Estate teams in the future to deliver more expert funding to customers looking to capitalise on opportunities.”