Blue Shield Capital, in collaboration with Seaford Finance, has successfully finalized a bridging facility worth £11.59m. This facility was secured for a borrower with expertise in the UK residential real estate sector. The 12-month bridging loan, which was settled at a loan-to-value (LTV) ratio of 66.7%, facilitated the acquisition of three residential properties. These properties comprise one in Manchester with 53 units and two in Sheffield with 43 and 78 units, respectively. All these properties are currently occupied by tenants.

The borrower represents the UK division of an Australian investment fund. This fund has a keen interest in UK residential real estate investments, especially in cities beyond London, including Birmingham, Manchester, Leeds, and Newcastle. These acquisitions align with the firm’s ambition to broaden its real estate portfolio. The borrower plans to refinance the facility upon receiving the EWS1 for one of the properties.

Gil Ulrich, the CEO of Blue Shield, expressed his satisfaction with the collaboration with Seaford Finance. He emphasized Blue Shield Capital’s commitment to offering loans on profitable assets to reputable sponsors, especially loans exceeding £10m.