
Metro Bank has supported Brookway LP and subsidiary Southgate Views Limited with a £14m funding package to refinance an established portfolio of residential and commercial property in Southgate, north London.
The challenger bank provided the funding to its longstanding customers by way of a £9m portfolio buy-to-let loan and a £5m commercial release estate loan.
Brookway LP – which has been a customer of Metro Bank since 2014 – manages 13 retail units, while Southgate Views manages the letting of 37 newly developed flats located directly above the retail units (pictured above).
"I am extremely pleased that Asim Shirwani, head of residential investment [at Metro Bank], and his team were able to meet the needs of Brookway LP and Southgate Views Limited with this tailored funding package,” said Mark Stokes, managing director of commercial banking at Metro Bank.
“By having a dedicated commercial real estate team, with extensive knowledge of the sector, we're able to get under the skin of companies and provide them with flexible solutions designed around their needs, whether they're acquiring, developing or refinancing.”
Prod Adamou and Panie Stavrou, partners at Brookway LP and Southgate Views, said the service it had received from Metro Bank had been second to none.
“While customers may expect to receive a certain level of service, the latest experience with Metro Bank – from start to finish – exceeded our expectations.
“We look forward to working with the team in the future and strengthening our relationship.”
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