David Higson

Blackfinch Property completes its first bridging loan in the supported living sector




Short-term finance provider Blackfinch Property has completed its first loan in the supported living sector with a £2.8m bridging facility for a building in Nuneaton, West Midlands.

The five-storey office block has been converted into 35 one-bedroom apartments for the supported living sector.

The bridging loan was used to complete the purchase of the property, which will be leased to a charity.

It is expected that the freehold will be sold once fully occupied.

David Higson, investment director at Blackfinch Property (pictured above), said: “This is the first loan that Blackfinch Property has provided within the supported living sector.

“Our team worked with the purchaser and charity, completing the deal in line with their aim to provide high-quality housing for independent living.” 

The loan represents Blackfinch Property’s third investment in the region and is part of the finance provider’s ongoing support for the market in the West Midlands and its continued expansion across the UK.

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