This article was originally published in The Intermediary on 8 September 2026.

Recognise Bank has completed a £9.9m bridging loan to refinance existing debt secured against two commercial properties in London and Glasgow.

The 21-month facility, introduced by Raj Vilkhou of Express Financial Services, completed at 52% LTV. The security consisted of a Central London office building and an industrial unit with office space in Glasgow.

The funding enabled the client to repay its existing lender while providing sufficient time to carry out a light refurbishment of the London office and sell the Glasgow property as part of its exit strategy.

The transaction needed to be completed within a tight timeframe to ensure the existing lender was repaid on schedule. Recognise Bank worked closely with the broker and other parties involved in the transaction, taking a practical approach to the outstanding requirements.

Title indemnity insurance was used as part of the process, helping the Bank maintain momentum on the transaction and complete within the required timeframe.

Luke Beirne, senior lending manager at Recognise Bank, said:

“This was a significant refinancing involving two different commercial assets and a clear deadline for the existing lender to be repaid.

“We worked closely with Raj and the wider professional team to take a practical view of the requirements and keep the transaction moving. Using title indemnity insurance helped us provide the certainty the client needed to complete on time, while the 21-month term gives them the necessary period to refurbish the London property and progress the sale of the Glasgow asset.”

Raj Vilkhou of Express Financial Services said:

“The key requirement in this case was certainty of completion within the timeframe available. Recognise understood that from the outset and worked closely with us throughout the process to address the outstanding points and keep the refinance moving.

“The team took a pragmatic approach to the transaction and delivered the funding the client needed to repay the existing lender on time.”

To learn more about Recognise Bank’s bridging finance, visit: https://recognisebank.co.uk/business-bridging-loan/