Mortimer Street Capital has arranged an £8.25 million multi-asset bridging facility through Lendhub for the acquisition and repositioning of an £11 million portfolio of London residential properties across three special purpose vehicles.
The transaction facilitated the transfer of assets from a divorce settlement into new SPVs for a single client. The 12-month bridging facility was priced at 0.79% per calendar month, with the structure allowing the client to use gifted equity as the deposit.
Facility structure
The arrangement included a £900,000 day-one capital release to fund refurbishment works, with the aim of increasing rents to market levels and stabilising income ahead of refinancing. The portfolio was generating income at the point of completion.
The facility comprised first legal charges across all assets, debentures and personal guarantees, with a coordinated completion across the three SPVs. Funding was aligned to a refurbishment and rental stabilisation programme.
Following completion of the works and rental uplift, Mortimer Street Capital will arrange refinancing onto longer-term funding.
Justin Towse, managing director at Mortimer Street Capital, said: “This transaction further reinforces our team’s strong track record in delivering bespoke finance solutions for clients with complex requirements. I’d like to personally thank Theo Goodman at Lendhub and the supporting legal teams for their hard work in getting this transaction over the line.”
Theo Goodman, credit manager at Lendhub, said: “This was a transaction that required careful structuring from the outset, with multiple SPVs, gifted equity, and a day 1 capital release all forming part of a single coordinated completion. Our ability to assess the portfolio holistically and tailor the facility around the client’s specific needs is what made this possible.”
Market context
The transaction reflects continued activity in the London residential bridging market, where complex portfolio restructuring and divorce-related property transfers require specialised financing solutions. Multi-SPV structures are increasingly used for portfolio management and tax planning purposes.
Mortimer Street Capital focuses on providing debt and equity funding solutions for property investors, developers, SMEs and high-net-worth clients.
