Metro Bank builds on relationship with property group through £14m funding solution
Metro Bank has announced that it has provided long-standing customers, Brookway LP and Southgate Views Limited, with a £14m funding package to refinance an established portfolio of residential and commercial property in Southgate, North London.
Brookway LP, which has been a customer of the bank since 2014, manages 13 prominent retail units, with its subsidiary, Southgate Views Limited, managing the lettings of the 37 newly developed flats, located directly above the retail units.
Mark Stokes, managing director commercial banking at Metro Bank said:
“I am extremely pleased that Asim Shirwani, head of residential investment, and his team were able to meet the needs of Brookway LP and Southgate Views Limited with this tailored funding package. 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 & Southgate Views Ltd added:
“We have been customers for a number of years now and the service we’ve received has 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.”
Metro Bank offers tailored commercial banking services, including a common-sense approach to lending and cash management solutions. Customers are supported by a dedicated team of relationship managers, who provide expert and industry-specific guidance across the healthcare, hospitality and leisure, property, charities and not-for-profit, inward investment and financial services sectors.