BR Properties Limited is ready to take the next steps in its business development plan, helped by a £1.3m refinancing deal from Cynergy Bank.

Based in Newcastle upon Tyne, BR Properties Limited drew down the funding on a fixed rate loan to expand their portfolio of properties, including several residential buy-to lets, with confidence in this unpredictable market. The five-year term loan also enables them to acquire the freehold premises for one of their depots which provides a larger space to expand into and grow the business. BR Properties Limited hopes this will create more jobs in the area in the future.

Bob Rudd, Director, BR Properties Limited, said “Expansion is top of our business strategy, which is a challenge given the uncertainties in the current climate. The finance provided by Cynergy Bank will enable us to realise our ambitions over the coming years, which will ultimately have a positive knock on effect in the local area, through job creation. It was great working with Cynergy Bank, we were very impressed with the speed and efficiency of the team getting over the line.”

Dan Carter, Relationship Director, Cynergy Bank commented: “It was a pleasure working with the senior leadership team at BR Properties Limited. At Cynergy Bank we pride ourselves on working with our customers to understand their business needs and aspirations; we understand the market and can make quick decisions. We look forward to working with BR Properties Limited in the coming years as the firm grows from strength to strength.”