Commercial unit purchase, Caerphilly
Black & White Bridging funded the purchase of a commercial unit for a well-established Welsh company specialising in construction for major pharmaceutical clients.
The borrower, introduced via trusted broker Chris Melhuish, sought to secure ownership of their operating premises. Despite delays, Black & White Bridging honoured the original terms, reflecting their commitment to trusted relationships.
Amount Funded:
£115k
PRoduct type:
Commercial Bridging
Term:
12 months
property:
Owner-occupied commercial unit
exit:
Refinance
Supporting local business ownership
The initial enquiry was received in September 2022 and was due to complete in November, but the borrowers had to focus on their business projects due to the business seasonal period in their line of work, and we agreed to complete in the new year. The deal completed in May 2023, with Black & White Bridging honouring the original interest rate and LTV due to the personal valued relationship held with the broker. Now the sole owner of the property, the borrower is planning to lease the unit to the UBO's wife on a commercial mortgage term.
Long-term relationships
This deal reinforces the value of reliable partnerships. Having worked with the broker on multiple occasions, our team maintained full transparency and communication to keep both broker and client updated throughout.
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Building loyalty
Even after a lengthy delay, the deal completed smoothly under the original terms, showing our commitment to fairness and client satisfaction.
Service beyond expectation
“I have placed a number of clients with B&W and their service is first class. Despite this transaction being delayed, they honoured their pricing and kept me and my client updated far beyond expectations.” — Chris Melhuish, Arc Corporate Finance
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Amount funded
£1.6m
PRoduct type:
Commercial Bridging
term
7 months
property:
Commercial office
exit:
Refinance
Commercial Bridging
The funding supported the acquisition of a strategically located semi-commercial asset in Birmingham, giving the borrower the flexibility and speed required to purchase the property prior to setting up development finance to undertake the proposed conversion works. The borrower plans to transform a former office building into a high-quality residential block of flats comprising 75 apartments, including 42 x 1-bedroom and 33 x 2-bedroom units. Full planning permission has already been obtained before completion, enabling the borrower to move forward with the next phase of the project.
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