GB Bank has completed a £2.5m BTL facility to support an Oxfordshire property developer with the transfer of a residential asset into a newly formed special purpose vehicle (SPV).
The transaction enabled the transfer of eight self-contained flats from personal ownership to the SPV, aligning with the client’s longer-term refinancing strategy.
Delivered to a tight deadline, the facility formed a key component of the client’s broader restructuring programme, which was completed in conjunction with additional GB Bank funding.
This follows the bank’s recent enhancements to its BTL proposition, which opened up access to foreign nationals and expat clients.
Mike Says, CEO at GB Bank (pictured above), commented: “This case is a great example of our ability to support investors with bespoke funding that aligns with their overall portfolio strategy.
“By working closely with the borrower and acting quickly, we helped ensure a smooth transition under time-sensitive conditions.”
