StreamBank funds £584,500 commercial refurbishment finance for London flats

By Bridging Loan Directory 11th August 2025

StreamBank has provided a £584,500 bridging loan to refinance a commercial warehouse in London and release capital for the refurbishment of four residential flats.

The clients, experienced London-based business owners with a diverse mixed-use property portfolio, approached StreamBank via their broker to raise funds against a warehouse valued at £945,000. The asset was owned by a PropCo, with rent paid by an associated OpCo.

There was an existing mortgage of £70,000 on the warehouse, which the client wished to repay while also unlocking funds for refurbishment works.

StreamBank delivered funding at 65% LTV based on market value subject to tenancies, supported by strong management information from the OpCo.

A highly competitive rate of 0.84% per month was secured, with the facility to be repaid via a commercial term refinance with a challenger bank.

Roz Cawood, Managing Director of Lending at StreamBank, said:

“The success of this case came down to a combination of underwriting expertise and deep business understanding.

By taking the time to assess the OpCo’s strong trading position and cashflow, our team was able to leverage market value, subject to tenancies, to secure a higher loan amount.

This allowed the client to meet both their refinancing and refurbishment goals. It’s a great example of how StreamBank applies commercial knowledge to deliver the right solution.”