Redwood Bank backs complex refinance deal for experienced property investor

12 June 2025

An experienced property development investor has successfully refinanced a block of flats worth over £1.2 million, thanks to support from specialist business bank Redwood Bank and its legal partners, Knights.

The client, introduced by award-winning brokers B2B Finance, wanted to refinance a development loan they had used to upgrade 24 apartments in Wrexham. Having already sold half of the flats, the investor turned to Redwood Bank to refinance the remaining 11 units, valued at £1.22 million.

However, the refinance was far from straightforward.

The properties were held across two separate leasehold titles, with defective leases that required correction. The client also owned the freehold to the properties, further adding to the legal complexity.

Redwood Bank collaborated closely with Knights, acting as a dual-representation solicitor for both lender and borrower, to streamline the process and resolve the legal issues around the leases and title.

Andre Parcian, Redwood’s Head of Business Development (Midlands and Wales), said:

“B2B Finance knew this case would be complex, and they trusted us to get the job done. Our Credit Operations team’s tenacity and experience meant we could work through the legal challenges and ensure the refinance proceeded smoothly.

“We’re proud to have partnered with Knights to deliver this result and continue supporting experienced investors to grow their portfolios.”

The Bank approved a loan of £934,065 on a 20-year interest-only term, at a 76.5 per cent loan-to-value (LTV) ratio. The deal also qualified for Redwood’s Green Cashback Reward, as the majority of the flats had an EPC rating of C.

Rebecca Jones, from B2B Finance, said:

“Redwood Bank is one of our most trusted lending partners, with a clear understanding of the needs of experienced property investors. Their specialist approach and ability to handle complex cases really set them apart.

“In this deal, Carla Santos in their Credit Operations Team worked closely with all parties to resolve intricate title and lease issues, and we truly valued the proactive and collaborative support throughout the process.”

Chloe Arnold, of Knights, added:

“We were pleased to help the client overcome the legal issues regarding the title and correct the defective leases relating to the properties. We provided a positive resolution for the client that enabled the deal to proceed. By working closely with Redwood, we offered the client a streamlined approach which made the whole process much more straightforward for them.”