StreamBank has launched a new high net worth (HNW) structured finance proposition.

Loans are available from £350,000 to £5 millon, with facilities above £3 million subject to additional approval.

Terms range from 12 to 60 months, with a maximum loan-to-value (LTV) of 65%, subject to lower limits for larger facilities.

The product is available against residential property in England, Wales and Scotland and can be used for property purchases, refinancing and evidenced capital-raising requirements.

The proposition is aimed at wealthy borrowers with credible repayment strategies who need greater flexibility over the time available to repay their finance.

It can accommodate repayment strategies linked to the sale of higher-value properties, business disposals, share realisations and development completions, where the expected proceeds may not become available within a conventional 12-month bridging term.

It is available when at least one borrower must independently have an annual net income of £300,000 or more, or net assets of £3 million or more, excluding their primary residence.

The proposition offers fully rolled-up, part-serviced and fully serviced interest options, allowing repayment arrangements to reflect the borrower’s circumstances and available cash flow.

StreamBank chief commercial officer Richard Armstrong says: “The reality is that high value property and business transactions don’t always adhere to a 12-month timeline. A borrower can have a perfectly credible exit strategy, but achieving the right commercial outcome can sometimes take longer than originally anticipated.”

A property may be attracting genuine interest, or a business or asset sale may be progressing well, but transactions of this nature are often complex and completion dates can move.”

“Taking longer doesn’t necessarily make the exit less credible. In some circumstances, allowing more time can actually support a better and more commercially sensible outcome.”