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Glenhawk Completes £3.1m Bridging Loan on Essex Residential Portfolio

Specialist property lender Glenhawk has completed a £3.1 million bridging finance facility secured against three residential properties on a private estate in Essex. The facility was arranged as the homes are being marketed for sale.

The loan was provided through Glenhawk’s Structured Real Estate (SRE) division and was secured against properties that had been completed and occupied for several years. The bridging loan was structured at 75% loan-to-value, with the portfolio valued at £4.2 million.

Residential marketing loans such as this offer short-term funding against newly vacated properties that are being marketed, removing interest servicing requirements and providing additional time to achieve sale outcomes. Although the loan size was below the level typically associated with larger structured real estate transactions, the complexity of the deal and the nature of the assets required a tailored funding approach.

The transaction was introduced by Fergus Izat, director at Bridge St Finance. Glenhawk completed valuation and credit approval within two weeks of receiving the introduction. Title insurance was used to accelerate the legal process.

This transaction comes at a time when UK housing market activity has weakened, with housing transaction forecasts being downgraded amid interest rate volatility. The facility forms part of Glenhawk’s growing Structured Real Estate proposition, which supports brokers and borrowers across a range of residential and commercial transactions that fall outside conventional lending parameters.

Letting agents and inventory clerks may note that bridging finance facilities like this can provide flexibility for property owners and agents managing the sale of residential portfolios, especially in a slower market.