GB Bank has provided a £2.5m buy-to-let facility to an experienced investor in Oxfordshire, enabling the transfer of a residential block into a newly created special purpose vehicle (SPV).

The funding supported the transfer of eight self-contained flats from personal ownership into the SPV as part of the borrower’s longer-term refinancing strategy.

The deal was delivered against a tight deadline and formed part of a wider restructuring programme that also drew on additional GB Bank funding.

The facility comes after GB Bank widened access to its buy-to-let proposition in June. The changes opened up lending to foreign nationals and expatriate clients without UK residency, provided they hold a UK bank account.

The lender said the enhancements were designed to improve accessibility for global investors while offering bespoke underwriting and specialist support.

Mike Says (pictured), chief executive of GB Bank, said: “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.

“It’s this agility and collaborative approach that makes GB Bank a reliable partner for brokers and their clients.”

GB Bank, a UK-licensed specialist lender, provides funding of up to £20m for companies, individual investors and foreign nationals. It focuses on property investment finance for complex structures, unique assets and unconventional borrowing needs.