Recognise Bank has completed a £1.795 million bridging loan for a long-standing Lincolnshire-based development and construction firm, securing the funding against multiple industrial and land sites across the county.
The short-term finance, structured in partnership with Archway Capital Partners, will enable the borrower to maximise sales values on several completed commercial units while also supporting the group’s broader development pipeline.
The client, a family-owned business with a portfolio spanning industrial, residential, commercial and educational schemes across the East Midlands, recently completed two industrial developments and holds planning permission for a further two landbank sites.
The deal was led by senior lending managers Ian Fields and Heather Mitchell and according to the bank, the facility was designed to give the borrower the breathing space needed to complete asset sales and reposition for further strategic growth.
Sam Monk, director at Archway Capital Partners, said the transaction reflected a strong working partnership. “It has been a great pleasure to work with Ian, Heather and Stephen to complete this deal and support our client.
“The Recognise Bank team crafted a bespoke solution, provided timely responses, and maintained great communication throughout. We look forward to working with the team again in the future.”
Ian Fields, senior lending manager at Recognise Bank, added: “We are delighted to have worked with Sam and the Archway Capital team to facilitate the next phase of growth for another successful UK SME.
“Providing bespoke financial solutions is at the very core of what we do and this deal is a great example of what can be achieved when lender, broker and borrower work together.”
