The UK Adviser Group has completed a £2.8m commercial mortgage facility with LHV Bank for a social housing portfolio investment.
The transaction, led by Joshua Lee, complex property finance specialist at The UK Adviser Group, was structured around a portfolio of properties with long-term leases to housing providers, including several HMO properties.
The financing required a lender comfortable with investment value underwriting and the lease structures used in social housing.
After reviewing the market, LHV Bank was chosen as the institutional partner for the deal.
During the process, technical obstacles arose, and LHV Bank worked closely with the brokerage team to find solutions and ensure the deal reached completion.
Lee said: "This was a transaction that required detailed knowledge of both the lender market and the specific dynamics of social housing investment financing.
"LHV Bank's availability and pragmatic approach throughout the process made a genuine difference.
"When obstacles arose, we worked together to find solutions that worked for all parties and got the deal to completion. I am proud of what the team delivered on this one."
Michael Thompson, lending director at LHV Bank, said: "This transaction is a good example of the kind of structured, relationship-led lending that LHV Bank is built for.
"The UK Adviser Group brought a well-prepared case with strong underlying fundamentals, and we were pleased to work with Joshua to deliver the right solution for this portfolio.
"The social housing sector represents a genuinely compelling investment proposition, and we look forward to supporting further transactions in this space."
Maxim Cohen, group chief executive at The UK Adviser Group, added: "Excellent work by Joshua and the team on this transaction.
"It is great to see The UK Adviser Group and LHV Bank working together to deliver a £2.8 million structured solution in the social housing space.
"This is exactly the kind of specialist work that defines our proposition."