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LHV Bank provides £7m commercial loan for Manchester investment




LHV Bank has completed a £7m commercial investment loan for a private Manchester-based family office, which manages property assets across the North West.

The loan facility was arranged to refinance existing debt secured against a prime multi-let office building located in Manchester city centre, while providing the necessary stability for ongoing asset management.

The borrower, a family office property asset manager operates as part of a syndicate of experienced investors.

The property, a Grade A freehold period building features a diverse tenant mix across office and retail spaces and has a Grade B EPC rating — the property’s unit sizes are under 5,000 sq ft.

The transaction was introduced by Paul Wilcox of GDP Funding, a central Manchester-based brokerage, and involved a tailored funding solution including a 68% LTV interest-only loan facility over a five-year term.


Michael Thompson, lending director at LHV Bank (pictured above), commented: “We are proud to have partnered with GDP Funding to support this refinancing for a highly regarded family office.

“The property’s excellent location and the borrower’s proven asset management expertise made this a strong proposal.

“We’re excited to see this property continue to deliver strong returns under experienced management.”

Paul Wilcox, director at GDP Funding, added: “This was a vital refinancing for our client, and it has been an absolute pleasure working alongside LHV Bank to deliver such a well-tailored funding solution.

“Their collaborative approach, combined with a deep understanding of the commercial property market, made the entire process seamless.

“Together, we’ve enabled our client to focus on unlocking the property’s full potential.” 

 

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