Case study: Recognise Bank completes £2m bridge on commercial development in Sheffield
Original Article Summary
<p>Funding was structured in two stages, covering pre- and post-planning approval work.</p>
PropMatch Curated Analysis
Recognise Bank provided a £2m bridging loan at 60% LTV for a complex Sheffield development converting derelict commercial buildings to eight luxury houses, demonstrating how experienced developers can secure funding despite site contamination and planning risks.
Investor Relevance
Shows how complex brownfield sites with contamination and planning challenges can still secure bridging finance at reasonable terms (60% LTV), relevant for developers considering similar regeneration projects and understanding lender appetite for complex deals.
Original Source:
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