StreamBank has provided a £720,000 commercial bridging loan to support the sale of a centrally located property in Birmingham’s historic Jewellery Quarter.

The short-term facility, introduced by Riana Azam, director at Independent Cashflow Solutions Ltd, was arranged by Jamie Smith, business development manager at StreamBank. It enabled the client to redeem an existing loan in full —  an urgent requirement triggered by lease terms associated with a high street lending facility.

The asset, a commercial building valued at over £1 million, secured the new facility, which was structured at 70% gross loan-to-value. StreamBank confirmed the loan provided the full net sum required for redemption, illustrating its willingness to offer up to 70% of open market value on commercial security.

Smith (pictured) said the deal reflected the lender’s commitment to fast, purposeful lending that responds to the specific challenges faced by borrowers.

“This deal is a perfect example of the type of bridging finance StreamBank is known for. Flexible, responsive, and aligned with the borrower’s end goal. In this case, the priority was to exit an existing facility without delay and allow time for a proper sales process in what is a strong local market,” he said.

“We’re pleased to support both the borrower and broker with a solution that works around the client’s wider financial position and commercial strategy.”

The transaction comes as StreamBank continues to strengthen its intermediary relationships. In March, the lender appointed Lee Warne as senior business development manager for London and the South East, bolstering its presence across key regions.

Commenting on the deal, Riana Azam highlighted the lender’s accessible approach and clarity throughout the transaction.

“Working with StreamBank is refreshing due to the speed of execution and credit involvement,” she said. “The whole team is accessible and available to discuss the structure and profile of the deal, explaining their commercial reasoning at every step of the transaction. A pleasure to deal with.”