Editor's note: This brief was summarised by The Property AI Newsroom from a report by PropertyWire. Read the original article for full details.

Manufacturer Secures £1.7m Bridging Loan for West Yorkshire Site

Recognise Bank has provided a £1,697,500 bridging loan to a manufacturing company for the acquisition of two industrial units in West Yorkshire. The transaction was introduced by Mark Jerman at Watts Commercial Finance.

The borrower is a manufacturer with over 35 years of trading history, producing coatings, adhesives, elastomers, and moulded rubber products. The company employs more than 100 staff, exports globally, and operates from the site in question.

The two industrial units acquired form part of a five-unit operational site. This acquisition supports the manufacturer's strategy to bring its manufacturing base into full ownership and strengthen its balance sheet.

The bridging facility was structured over an 18-month term at 67% loan-to-value on a serviced basis. The transaction required coordination with the borrower’s banking requirements, including aligning short-term acquisition finance with a longer-term banking solution for international operations and a multi-facility structure.

The deal was led by Paul Bagan, lending manager at Recognise Bank, and supported by the bank’s wider lending and operations team. According to the report, the transaction reflects continued activity in the commercial finance sector, where owner-occupier acquisitions remain a key segment alongside broader property ownership trends.

The 18-month term provides the manufacturer with time to arrange permanent financing while securing ownership of the operational premises.