Key Takeaways:
- Blackfinch Property completes a groundbreaking £2 million refinancing deal for a West Midlands supported housing complex.
- The project will deliver crucial Environmental, Social, and Governance (ESG) benefits while offering improved living conditions for vulnerable tenants.
- Investment Director at Blackfinch Property expresses enthusiasm for supporting the expansion of care and supported living facilities across the UK.
Unleashing Social Value in the Property Market
Gloucester, September 19, 2023 – Blackfinch Property, a dynamic lender in the UK property market, has completed a groundbreaking £2 million refinancing deal for a supported housing complex in the West Midlands. This initiative is poised to not only transform the property landscape but also to elevate the quality of life for vulnerable individuals in the region.
Revitalizing Vulnerable Communities
The refinancing deal comes on the heels of the borrower’s redevelopment of a vacant two-story property into a haven of 18 one-bedroom apartments designed to cater to the needs of vulnerable people. The refurbished complex boasts improved Energy Performance Certificate (EPC) ratings, ensuring a more energy-efficient and sustainable living environment for its residents.
Environmental, Social, and Governance (ESG) Focus
Blackfinch Property is renowned for its commitment to evaluating investment opportunities against criteria that yield Environmental, Social, and Governance (ESG) benefits. This two-year deal represents a significant stride toward enhancing the ‘S’ in ESG by enabling the borrower to continue offering high-quality supported living services to vulnerable tenants in the West Midlands.
A Beacon of Social Value
Investment Director for Blackfinch Property, John Hartigan, expressed his satisfaction with the partnership, stating, “We are very pleased to continue our work with the borrower and their team, with whom we have previously had successful loans, and support their strategy to expand care and supported living facilities across the UK. We are focused on ensuring we can support and continue working with this important sector – providing important social value, and demonstrating the ‘s’ of ESG.”
The Blackfinch Property Advantage
Blackfinch Property is a fully funded provider of innovative short-term bridging, commercial, buy-to-let, and development financing solutions. As an independent company, it offers an efficient and flexible approach to lending, standing in contrast to the more rigid criteria restricting institutions. Region and sector agnostic, the team takes a pragmatic approach to provide cash quickly and with more certainty. This enables borrowers to complete transactions and developments with greater ease while maintaining a keen focus on their property ventures.
Revolutionizing the Property Market
The Blackfinch Property refinancing deal is poised to set a new standard in the UK property market. By championing social value through ESG-focused investments, Blackfinch Property and its partners are making strides toward enhancing the lives of vulnerable individuals while also promoting sustainable and energy-efficient housing solutions.
Conclusion
Blackfinch Property’s £2 million refinancing deal serves as a shining example of how business and social responsibility can intersect to create positive change. As the property market continues to evolve, the emphasis on ESG criteria and social value will likely become increasingly central, transforming the way we think about property investment.
With a commitment to providing not only financial support but also social value, Blackfinch Property has set a commendable precedent for the industry. This success story should inspire other businesses to explore similar opportunities that prioritize the well-being of communities and the environment while achieving financial growth.
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