Black & White Bridging has completed its largest loan to date, totalling £8m, supporting the sales period for the second phase of the City Green development in Birmingham.
The luxury living project comprises two residential blocks featuring 86 high-specification apartments.
Currently, 50 units have been sold, while the majority of the remaining apartments are either reserved or exchanged.
The £8m development-exit loan was completed in 15 days from receipt of the application, and the funds were utilised to refinance an existing development finance facility and complete the final landscaping of the project.
Commercial director at Black & White Bridging, Damien Druce, said: "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."
Head of development finance at Empire Global, Pete Williams, added: "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 Black & White as they continue to deliver first class service and products time and time again."
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