This facility has been arranged over 12 months, with Recognise then agreeing to term this into a BTL loan.
This deal was introduced by Matthew Martin, co-founder and director at Align Property Finance, with the loan structured at 70% LTV.
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“By providing a term solution after agreeing the bridging finance, we could provide the experienced borrower with certainty and confidence,” said Paul Bagan, senior lending manager at Recognise Bank (pictured above).
“This case highlights our ability to provide creative and flexible solutions to SMEs and property investors.”
Matthew added: “I’ve known Paul for several years and we have quickly struck up a great working relationship since Align started.
“I’ve been extremely impressed by the team at Recognise and by their ability to find creative solutions as and when required.”
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