Black & White Bridging has completed its first refinance transaction of a specialist asset.

The short-term lender argues that the deal shows how it has expanded its capability to fund specialist deals.

This £3.3 million transaction involved refinancing a specialist asset owned by a well-established family business, facilitating a transition onto term debt.

The asset, comprising three industrial units, serves as a key hub for steel fabrication and repair, supporting critical sectors such as utilities, nuclear, and defence.

Introducer Igor Pankratov said: “It was really pleasing to support my client with this funding from Black & White Bridging. There has been excellent work from all parties involved to complete this loan, with a quick turnaround and knowledge of complex deal structuring, to allow a longer-term solution and future business growth.”

Heather Hancock (pictured), head of credit & operations at Black & White Bridging, added: “This transaction demonstrates how far we’ve come as a lender. Our ability to fund and structure specialist deals has strengthened, and we’re now in a position to support even more SMEs with their growth and expansion plans.

“We look forward to working on similar transactions in the future.”