LHV Bank has completed a £14 million specialist buy-to-let finance package for a private family office.

The facility allowed for the refinancing of multiple large-scale residential properties across Manchester and West London, unlocking equity for future investment.

The first phase of the transaction involved refinancing four substantial apartment blocks comprising 72 apartments within a single complex in Manchester.

Subsequently, LHV Bank provided nine additional loans to refinance a portfolio of six-bed HMO properties on the outskirts of West London, which the borrower had acquired and fully converted.

The transaction was introduced by Alex Haffner, managing director at Fusion Funding. LHV’s funding allowed the borrower to unlock capital and further expand their property portfolio.

The initial loan was completed in eight weeks, covering credit approval, valuation, and legal processes, despite a counter offer from the borrower’s existing lender.

For the subsequent transactions, LHV Bank addressed challenges such as non-standard construction, ongoing conversion works, and active HMO licensing applications.

BESPOKE LENDING SOLUTIONS

Conor McDermott (pictured), director of SME lending at LHV Bank, said: “This transaction is a testament to LHV Bank’s ability to structure bespoke lending solutions for sophisticated property investors.

“By taking a case-by-case approach, we provided tailored funding that met the borrower’s needs, from refinancing large MUFBs to structuring loans for HMO properties. We’re pleased to have delivered a flexible solution in tandem with the dedicated and dynamic approach from Fusion Funding.

“This allows the borrower to continue growing their portfolio, and we look forward to supporting similar clients in the future.”

Haffner added: “LHV Bank demonstrated exceptional agility and expertise in structuring these loans. Their ability to navigate non-standard property types and complex licensing requirements ensured that our client achieved their refinancing objectives while unlocking vital equity for future investments.

“It was a pleasure collaborating again with them on this transaction, and we value our close relationship going forward.”