The two-year term facilities consist of a £4.6m loan for an apartment complex comprising of 20 flats, as well as a retail unit in north Finchley, London, and £1.4m for three industrial units in Banbury, Oxfordshire.
The loan for the Finchley property is enabling the borrower to hold the asset and the refinancing for the commercial units in Banbury is against a site which was recently developed by the borrower.
The property includes an ecology area of natural land and incorporates carbon-friendly features, including electric car charging points and bicycle racks.
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The units on both real estate developments are all tenanted with the income being used to service the interest on the loans.
Both loans will be exited using refinance onto other term facilities.
Phil Downie, property investment manager at Blackfinch (pictured above), said: “We are delighted to close these two loans secured on modern and sustainable real estate owned by Glencar.
“These loans continue our growth in the commercial term loan market, with the transactions closing seamlessly thanks to the professionalism of Glencar and our in-house legal team.”
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