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

11 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.”