Signature Property Finance has completed a £371,250 bridging loan to support the acquisition of a detached three-bedroom bungalow on a one-acre plot near Bridgend, purchased by an experienced property investor with a well-rounded portfolio across South Wales.
Introduced by Kevin Beevers of Business Finance Trust, the transaction showcases Signature’s appetite for backing established landlords with significant track records in the property market across Wales and beyond.
Supporting a seasoned portfolio investor
The experienced developer holds significant residential assets across South Wales through various entities, with an aggregate portfolio value exceeding £13 million.
Signature’s facility, set at 75% LTV against the £495,000 purchase price, enables the acquisition of this characterful property, which the borrower plans to modernise with targeted improvements to the interior.
The property is a detached bungalow built around 1900, situated on approximately one acre of land just four miles from Bridgend town centre. The location benefits from excellent connectivity, sitting just 1.4 miles from junction 36 of the M4 motorway, providing swift access to Cardiff, 24 miles away.
There is potential for future development opportunities due to the generous plot size, adding to the property’s long-term appeal. The borrower sees considerable upside in the asset, either through improvement and sale or by incorporating it into their wider portfolio.
Open market sale supported by portfolio depth
The primary exit route is a sale on the open market following completion of the planned modernisation works. With bungalows in high demand due to the scarcity of supply and the valuer’s view that the property should sell within six months, this exit route is realistic and achievable within the planned timescale.
The borrower’s portfolio provides additional security and alternative exit options. With significant equity across multiple properties and robust rental income streams, the investor has consistently demonstrated the ability to manage and grow a diverse portfolio.
Kevin Beevers of Business Finance Trust commented: “Josh and the wider Signature team really delivered on this deal. From the outset, they grasped what our client was trying to achieve and moved at pace to make it happen.
“This investor has spent years building up his holdings across the South Wales valleys and has deep market knowledge. Signature stuck to their relationship-led promise by taking the time to understand the borrower’s experience and track record, rather than just looking at the numbers in isolation.”
Josh Barrett, Relationship Manager at Signature Property Finance, said: “It makes the process much more enjoyable working with investors who have genuine experience and a proven ability to execute.
“The bungalow itself is an interesting proposition too. It’s a period property on a generous plot with scope for value creation through modernisation, in an area where bungalows are scarce. This creates real buyer demand for this type of asset once the improvements are complete, underscoring this investor’s knowledge of what the market wants.
“A property with potential, developed by an experienced operator, working with a proactive broker, are the conditions we look to support as a lender. And we’re looking forward to seeing the project through to completion and discussing the next.”