Adapt Finance Group has successfully completed a £39.25 million combined bridge and development finance facility, providing our client with a flexible funding solution designed to support both the immediate requirements of the project and its next stage of development.
Working alongside Pluto Finance, the facility was structured to refinance the existing Phase One funding during the tenant fit-out period, while providing a clear and seamless transition into the construction and delivery of Phase Two.
The result was a tailored finance package that provided certainty at a critical stage of the project, while creating the foundations for its continued development.
The Challenge
Large, multi-phase property developments rarely follow a simple funding journey. As Phase One of the project progressed through tenant fit-out and towards stabilisation, our client required a finance solution that could address the immediate need to refinance the existing facility without disrupting the progress already made.
At the same time, funding needed to be structured with the next phase firmly in mind. Rather than treating the refinance and future development as two separate requirements, the objective was to secure a solution capable of supporting the transition between both stages of the project.
This required a detailed understanding of the development, its current position and the funding requirements associated with the delivery of Phase Two.
The Solution
Adapt Finance Group worked closely with the client and funding partners to structure a £39.25 million combined bridge and development loan. The facility provided immediate capital to refinance the existing Phase One funding while the tenant fit-out continued. Alongside this, the development element of the facility created a clear funding route into the construction and delivery of Phase Two.
By combining bridging finance and development finance within one carefully structured facility, the client was able to move forward with greater certainty and avoid unnecessary disruption between the different stages of the project. The transaction was completed in partnership with Pluto Finance, with all parties working collaboratively to ensure the facility progressed smoothly and completed within the required timeframe.
The Result
The completed £39.25 million facility gives the client the funding structure required to support the project through its current and future stages. With Phase One continuing through tenant fit-out and towards stabilisation, the facility also provides the financial platform required for the construction and delivery of Phase Two.
For our client, this means greater certainty, continuity of funding and a finance solution structured around the wider development strategy rather than a single stage of the project. The transaction demonstrates the importance of taking a solutions-driven approach to complex property finance. Where a project involves refinancing, stabilisation and further development, the right funding structure needs to consider how each stage connects to the next.
Specialist Bridge and Development Finance Across the UK
At Adapt Finance Group, we specialise in arranging bespoke bridge and development finance solutions for property developers and investors across the UK. From refinancing an existing development facility and securing short-term bridging finance to funding construction costs for the next phase of a project, we work to understand the complete funding requirement before identifying and structuring the right solution.
Complex property developments often require more than an off-the-shelf finance product. Timings change, projects move through different stages and funding requirements evolve. Our role is to bring together our experience, lender relationships and understanding of the specialist property finance market to structure facilities around the needs of each individual project.
This £39.25 million completion is another example of that approach in action: a substantial, multi-stage funding solution designed to support immediate refinancing requirements while enabling the continued delivery of the wider development.
Looking for Bridge or Development Finance?
Whether you are refinancing an existing property development, looking for short-term funding to bridge a gap between project stages or require a development finance facility for a new construction project, our team can help. We work with property professionals across the UK to structure bespoke funding solutions for straightforward and complex transactions alike.
Speak to the Adapt Finance Group team to discuss your project and explore the funding options available.