Black & White Bridging completes £3.3m complex refinance

By Bridging Loan Directory 30th January 2025

Black & White Bridging has successfully completed its first refinance transaction of a specialist asset, signalling a significant step in its expansion and capability to fund specialist deals.

This £3.3 million financing arrangement was made possible through Black & White’s strengthened financial position and the growing demand for structuring complex deals.

The transaction involved refinancing a specialist asset owned by a well-established family business, facilitating a smooth transition onto term debt.

The asset, comprising three industrial units, serves as a key hub for steel fabrication and repair, supporting critical sectors such as utilities, nuclear, and defence.

A specialist intermediary, with in-depth knowledge of the site and its operations, played a crucial role in the transaction.

Introducer Igor Pankratov commented:

“It was really pleasing to support my client with this funding from Black & White Bridging.

There has been excellent work from all parties involved to complete this loan, with a quick turnaround and knowledge of complex deal structuring, to allow a longer-term solution and future business growth.”

Heather Hancock, Head of Credit & Operations at Black & White Bridging, added:

“This transaction demonstrates how far we’ve come as a lender.

Our ability to fund and structure specialist deals has strengthened, and we’re now in a position to support even more SMEs with their growth and expansion plans.

We look forward to working on similar transactions in the future.”