Heavy Refurbishment and Residential and Development Exit pricing now starts at 0.74% per month.

The transaction involved 65 residential properties across two separate South Wales portfolios acquired through a share-purchase structure.

Aspen structured the deal with a 0.83% monthly rate over nine months, transitioning to 6.74% annually for two years.

The bank funded the deal at 70% loan-to-value, providing £1.825m for the London property acquisition.

The deal completed in just seven weeks from the initial contact to final drawdown.

Secure Trust Bank delivered the £3m bridging product within 29 days of the first enquiry to meet the tight turnaround required.

StreamBank offers bridging loans from £100,000 to £3 million across residential, commercial and refurbishment categories.

The semi-commercial development comprises two ground-floor retail units and eight apartments across four floors, totalling 8,888 square feet.

Bridging completions reached £2.5bn, 9.6% higher than Q2.

One in five homeowners has never heard of bridging loans, and 13% do not know how they work.