UK-based structured finance provider Ortus Secured Finance has completed a £14.4m (€17m) structured finance facility to refinance a large industrial and logistics asset in the North West of England, with the transaction introduced by Brotherton Real Estate and secured against a warehouse of more than 470,000 sq ft.

According to The Intermediary, the facility will give the borrower flexibility to continue its asset management strategy, hold lease discussions with the current occupier and keep multiple repayment and exit options open. The finance was structured to support several credible routes forward rather than restrict the borrower to a single exit strategy.

Jamie Russell, commercial director at Ortus Secured Finance, said: "The strongest transactions are often those where borrowers have more than one credible route forward. Our role is to structure facilities that support those options rather than restrict them. Taking time to understand the borrower's requirement in this scenario meant that we could build in the flexibility to pursue multiple exit strategies."

Ben Tolhurst, asset management director at Clearbell Capital, said: "This facility gives us the flexibility we need to actively manage the asset and explore multiple options as the market evolves. In a more selective lending environment, lenders willing to structure around individual business plans rather than standardised criteria are genuinely valuable. Ortus understood that requirement from day one, and Brotherton's role meant we could move quickly to completion, and we now have the headroom to pursue our strategy."

Tanya Wolfe, managing director at Brotherton Real Estate, said: "Ortus understood the asset, the business plan and the sponsor's objectives from the outset, and structured the facility accordingly. That kind of flexibility is increasingly valuable for sponsors actively managing income-producing assets, and we were pleased to support both the sponsor and Ortus through a smooth execution."

The transaction reflects conditions in the current lending environment, where borrowers managing large industrial and logistics assets are increasingly seeking structured finance solutions that accommodate multiple strategic outcomes rather than standardised loan products tied to a single repayment path.