The facility — agreed at 49% LTV over a five-year term — enabled the borrower to refinance their existing loans, which were maturing at different stages with different lenders, thus taking a toll on mortgage management and limiting the borrower’s ability to focus on other areas of the business.

STB refinanced 90% of the portfolio, with the remaining 10% of debt to be added to the loan as other lenders’ products reach their maturity date.

In addition to refinancing existing debt, the deal included £2m of equity release, which will allow the borrower to undertake energy efficiency improvements across the properties, as well as expand their portfolio.

STB and Aureum Finance completed the deal in 70 days.

Mike Feasey, relationship director at STB (pictured above), said: “When we were presented this opportunity, rather than looking at it from a purely numbers and forms perspective, we instead got to know the borrowers from a personal point of view.

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“Taking this approach meant we were able to truly understand the long-term objectives and plans for the portfolio. 

“Forming this relationship is key to us, as we look to work with our borrowers to ensure they can secure the finance they need, and we’re very pleased to have been able to help free up our customer from administration to focus on other areas of their business.”

Dominic Clewlow, finance consultant at Aureum Finance, who brokered the deal with STB, added: “Our Streatham-based client faced a lot of hurdles when trying to refinance their portfolio. 

“We realised instantly that the borrower’s portfolio didn’t fit within many banks’ and building societies’ criteria, so we needed a tailored solution; we also wanted to deliver a great service for the client who mentioned they really appreciated the personal touch they used to get from their lender, so we turned to STB as we knew they ticked all the right boxes. 

“Working with Mike was brilliant, his knowledge and expertise in the property finance sector played a crucial part in getting this deal over the line. 

“Mike and I worked closely with the client to structure a bespoke finance package that met all their needs, and we were left with a very happy client.”