Specialist lender Black & White Bridging completed it’s largest loan to date, totalling £8 million, supporting the sales period for Phase 2 of the City Green development in Birmingham. Another milestone has been ticked off! ✅
The luxury living project comprises two residential blocks featuring 86 high-specification apartments. To date, 50 units have sold, with the majority remaining either reserved or exchanged. The development stands as a testament to modern design and quality craftsmanship, offering residents premium living spaces in a prime location.
The £8 million development-exit loan was completed in just 15 days from the receipt of the application. The funds were utilised to refinance an existing development finance facility and complete the final landscaping of the project.
Damien Druce, Commercial Director at Black & White Bridging, commented: “This landmark transaction underscores our commitment to providing housing and supporting high-quality developments across the UK. Our collaboration with Pete Williams and Empire Global exemplifies the strength of our partnerships and our dedication to facilitating projects that enhance communities.“
Pete Williams, broker at Empire Global, said: “Working alongside Black & White Bridging has been instrumental in bringing the City Green project to fruition. Their transparent approach and swift decision-making process have been invaluable in meeting the project’s financial requirements. We’ve completed many deals with B&W as they continue to deliver first class service and products time and time again.”
For more information on the City Green development, please visit Empire Global – https://www.empirelpm.com/city-green.
If you’d like a similar loan, or anything else, please contact us via enquiries@blackandwhitebridging.co.uk or call us on 0117 937 4333.
