GB Bank has completed the refinancing of a major residential block in the Midlands, structuring a tailored facility to support the expansion plans of a seasoned property investor.

The transaction refinanced an existing loan secured against a 131-unit multi-unit freehold block and released capital for the borrower to pursue further acquisitions.

The client, an experienced landlord with a track record of scaling residential assets, manages a range of tenancies across the UK.

GB Bank went beyond standard MUFB policy limits by taking into account both the borrower’s experience and the block’s mixed occupancy profile, which included assured shorthold tenancies and corporate leases.

The bespoke structure enabled the release of capital to fund portfolio growth.

Mike Says (pictured), chief executive at GB Bank, said: “This case is an excellent example of how GB Bank is able to support complex, large-scale transactions with bespoke solutions.

“Our focus is always on understanding a borrower’s strategy and structuring a facility that enables them to unlock growth opportunities, whilst always applying a robust approach to risk.

“It’s this blend of flexibility and discipline that enables us to deliver real value to brokers and their clients.”