Property firm revealed as source of more than £400 million of deals
A deal that enables housing for vulnerable people in the West Midlands has shone the spotlight on a Gloucestershire firm that has now made possible more than £400 million of similar investments.
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Blackfinch Property, which describes itself as 'a rapidly growing' lender to the UK property market, has confirmed a £2 million refinancing deal for a West Midlands supported housing complex of 18 one-bedroom apartments for vulnerable people.
Founded in 2014 the independent firm, part of 140-staff-strong Brockworth-based Blackfinch Group, is a fully-funded provider of short-term bridging and development finance solutions.
The latest deal means it has now provided more than £418 million of loans.
According to Blackfinch Property all its investments are scored against criteria 'that will deliver environmental, social and governance (ESG) benefits', with the two-year deal with the unnamed West Midlands business enabling it to continue to let the property to a not-for-profit housing provider.
John Hartigan, investment director for Blackfinch Property, said: “We are very pleased to continue our work with the borrower and their team, with whom we have previously had successful loans, and support their strategy to expand care and supported living facilities across the UK.
'We are focused on ensuring we can support and continue working with this important sector - providing important social value, and demonstrating the ‘s’ of ESG.”
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