LHV Bank has completed two specialist BTL transactions totalling £22m.
These support the acquisition of two SPV companies that hold a total of 253 residential properties.
The properties comprise a mix of single-let freehold houses and HMOs, all leased to a recognised social housing operator on long-term agreements.
LHV Bank provided two specialist interest-only BTL facilities on five-year terms to support the acquisition.
Both transactions completed ahead of the borrower’s year-end deadline, following close collaboration between LHV Bank’s lending, legal and operational teams, alongside Christian Artimadis and Fodi Christodoulou at Karis Capital UK, the specialist real estate debt advisory firm supporting the transaction, as well as valuers Allsop and solicitors SC&W.
“There was a significant amount of due diligence required across both the properties and the SPV structures, but the underlying quality of the portfolio and the long-term tenancy arrangements gave us confidence in the overall proposition,” said George Chipperfield, lending director at LHV Bank (pictured above).
“Cases like this also highlight the importance of having lending, legal and operational teams working closely together from the outset, because timing and coordination become just as important as the funding itself when you are dealing with 253 properties across concurrent transactions.”
Christian Artimadis, director at Karis Capital UK, added: “This was a highly involved transaction with multiple moving parts, tight timelines and a significant level of coordination required across all parties.
“What stood out with LHV Bank was the consistency of communication and their willingness to remain solutions-focused throughout the process.”
