Holding a portfolio of mixed property assets - residential investment, commercial premises, industrial units - has always meant fragmented financing. A buy-to-let mortgage here, a commercial term loan there, a development facility against one project and a separate bridging line against another. Refinancing or restructuring across the whole estate at once requires a lender willing to look at the portfolio as a single proposition rather than a stack of individual transactions.
The Mixed Portfolio Bridge is Mallard Bridging's response to that requirement. It is a distinct lending programme for portfolio-scale borrowers who need a single cross-collateralised facility over residential, commercial, industrial and land assets held by the same borrower or corporate group. The headline ceiling is £40 million; larger portfolios are considered on application.
This page explains what the programme covers, who it is for, how it is structured, and how brokers and portfolio owners can move an enquiry forward.
What the Programme Covers
Mixed Portfolio Bridge is built around three principles that distinguish it from the existing single-property bridging product.
- One facility across many assets A single gross loan amount supported by legal charges over multiple properties. The borrower repays one figure at exit; the lender takes a coordinated security position across the portfolio.
- Mixed asset classes welcome Residential investment property, commercial premises, industrial units and land can all sit inside the same facility, including portfolios that would otherwise be split between three or four specialist lenders.
- Refinance, restructure or acquire Funds can refinance an existing portfolio, consolidate multiple in-place facilities, or finance a new portfolio acquisition. The structure is the same; the use of funds varies by case.
Lending is for business and investment purposes only across England and Wales. The programme does not provide regulated mortgage contracts, consumer credit, or any form of personal lending. Mallard Bridging is not authorised or regulated by the Financial Conduct Authority.
For Portfolio Owners
If you hold a property portfolio with a mix of residential, commercial, industrial and land assets, Mixed Portfolio Bridge is designed to be the lender of last detail rather than last resort. The reason most portfolio refinances stall is that no single existing lender will take the whole estate - a high-street bank will look at the residential side but flinch at the industrial units; a commercial specialist will price the offices but exclude the smaller residential lots. The portfolio gets sliced, each slice goes to a different lender, and every slice has its own valuation, legal pack, drawdown timetable and exit clock.
A Mixed Portfolio Bridge facility consolidates that. One application, one underwriting decision, one gross loan figure rolled up with all costs included, and one exit at term. For a portfolio held within a single SPV or limited company, the administrative simplification alone can be the reason to use the programme.
The full cost picture is set out before you commit. Setup fees, legal fees, valuation costs and interest for the term are rolled into the gross loan amount; you receive the net loan and repay the gross figure at exit. There are no monthly payments during the term and no exit fees. Borrowers who repay on or before the agreed date benefit from a timely repayment discount. Our costs and fees guide explains the rolled-up structure in more detail.
Pricing is structured around the portfolio rather than quoted from a rate card. The variables that influence the figure are loan-to-value across the security set, asset-class mix, geographic concentration, charge position on each property, borrower experience, and the deliverability of the exit. Because of that, the only meaningful first step is a conversation about the specific portfolio in question.
For Brokers and Intermediaries
For introducers, the Mixed Portfolio Bridge solves a category of enquiry that has historically been hard to place. The £15m mixed-use estate where the high-street lender wants only the residential lots. The development company unwinding a holding portfolio that includes two industrial sheds. The retiring landlord consolidating residential and commercial holdings into a single SPV ahead of sale.
Submitting a case follows the same pattern as our standard facility, with a few additional details that help us assess the portfolio quickly:
- Schedule of assets - addresses, property types, approximate values, current charges, current rental income where applicable
- Borrowing entity structure - individual, limited company, LLP, SPV or group; whether the portfolio sits in one entity or multiple
- Use of funds - refinance, restructure, acquisition, or a combination across the portfolio
- Exit strategy - sale of all or part of the portfolio, refinance to a longer-term commercial mortgage, capital event, or planned rental yield uplift
- Timeline drivers - any existing facility maturity dates, sale deadlines, or acquisition completion dates
You do not need a complete pack to open a conversation. An initial call or email with the portfolio schedule and the use of funds is enough for us to confirm whether the proposition fits the programme and provide a first-pass quote.
Intermediary fees on the programme are paid on completion of each funded facility. The fee structure is competitive with the wider portfolio bridging market and discussed directly when a case is brought in. Our intermediary page sets out the broader service approach that applies across all of Mallard's lending, including this programme.
Discuss a Portfolio With Us
Our bridging finance specialists are available Monday-Friday, 9:00 AM - 5:30 PM.
How the Facility Is Structured
A Mixed Portfolio Bridge facility is a single instrument secured by charges over multiple properties. The mechanics are the same as our standard bridging product, scaled up and adapted for portfolios.
- One gross loan figure covers the net amount required plus all setup costs, legal costs, valuation costs and interest for the term
- Legal charges are taken simultaneously over the agreed security set; the combined security position supports the facility
- No monthly payments during the term - interest is retained and repaid alongside the principal at exit
- £0 exit fees on every facility - the gross figure at outset is the figure repaid at the end
- Timely repayment discount available where the facility is redeemed on or before the agreed term date
- Term length of one to twelve months, matching our standard product
- Facility extensions considered on individual merit where the underlying exit remains sound
Cross-collateralisation matters because it changes how the loan-to-value calculation works. Instead of each property carrying its own ratio against the slice of the loan it supports, the combined security set carries the whole loan. That allows properties with lower individual gearing to support a property where the borrower would otherwise need additional security or a personal guarantee. For portfolios with an uneven mix of asset values, that flexibility is often the structural difference between a deal that prices and a deal that does not.
It also matters for redemption. Where a single-property facility is repaid by a single event - a sale or a refinance - a portfolio facility can be redeemed in stages as individual properties are sold or refinanced out, with the remaining security set continuing to support the residual balance until full repayment. This is agreed at the outset and built into the facility documentation.
Industrial Asset Scope
Industrial property is the newest asset class added under this programme. Our standard facility focuses on residential investment and commercial premises; Mixed Portfolio Bridge extends into the industrial bucket because portfolios at this scale almost always include at least one industrial holding.
The programme considers four sub-categories:
- Warehouse, logistics and distribution units (B8 use class) - standard urban and roadside warehousing, distribution sheds, last-mile logistics units, self-storage facilities. The most familiar industrial security and the lowest-friction to value.
- Light industrial (B1c and B2 use class) - workshop units on industrial estates, light manufacturing, trade counters, MOT bays, small fabrication units. Standard estate stock with established comparables.
- Heavy or specialised industrial property - factories with installed plant, processing facilities, foundries, specialised manufacturing premises. Considered subject to satisfactory specialist valuation; the exit strategy must be specific to the asset rather than assuming a generic industrial buyer.
- Agricultural land with industrial-use consent - farm buildings converted to industrial occupation, agricultural land carrying B-class planning consent. Mixed-use-with-land cases are reviewed individually because security and valuation work differently to urban industrial.
Within a portfolio facility, industrial assets sit alongside the residential and commercial security as part of the combined position. There is no requirement that any single asset class dominate the portfolio - a portfolio of two residential blocks plus one warehouse is no less eligible than a portfolio of ten warehouses plus one office.
Underwriting Approach
Complex portfolio structures are considered. Multi-charge positions, mixed asset classes, tail-end facility extensions, and cases where an off-the-shelf lender's criteria sheet would generate an automatic decline are all within the scope of what the programme is designed to assess. The underwriting tests three things in order: the security set, the exit strategy, and the coherence of the proposition.
The security set test is the simplest. Are the properties valuable, locatable in England or Wales, and capable of being charged cleanly? Mixed asset classes, second and third charge positions, properties requiring light refurbishment, and non-standard construction are all considered. Heavy industrial and specialised assets are considered subject to a satisfactory specialist valuation that the proposed exit can be reasonably executed against.
The exit strategy test asks how the gross loan will be repaid. The most common exits for portfolio facilities are refinance onto longer-term commercial mortgages, planned sale of all or part of the portfolio, capital events (a corporate transaction, an inheritance, a maturing fund), or a combination of staged property sales and partial refinances. The viability of the exit determines whether the facility can be offered and at what gearing. Our guide to bridging loan exit strategies covers each route in detail.
The coherence test asks whether the proposition as a whole makes sense. A portfolio facility is more than the sum of its security; the borrower's experience, the management of the portfolio, the strategic rationale for refinancing or acquiring, and the realism of the exit timeline all sit inside this test. Where any individual element is weak, the underwriting works to identify what additional structure (further security, longer term, partial paydown at drawdown) makes the deal supportable rather than declining at the door.
This is not the underwriting of a tick-box lender. Cases that fall outside straightforward criteria are reviewed on merit. Cases that are wholly unsupportable are declined promptly - we do not draw out conversations that have no realistic destination.
Facility Parameters at a Glance
Ceiling Up to £40m initially. Larger portfolios considered on application.
Geography England and Wales only. No Scotland or Northern Ireland security.
Term One to twelve months. Higher term available in certain cases.
Charges First, second and third charge positions considered.
Asset classes Residential investment, commercial, industrial (four sub-categories above), mixed-use.
Borrowers Individuals, limited companies, LLPs, SPVs, corporate groups.
Costs All setup, legal, valuation and interest rolled into the gross loan.
Monthly payments None. Interest retained and repaid at exit.
Exit fees £0 on every facility.
Use of funds Refinance, restructure, acquisition, or any combination.
Purpose Business and investment only. No regulated mortgages or consumer credit.
Unregulated product (for speed) Mallard Bridging is not authorised or regulated by the Financial Conduct Authority.
How to Move an Enquiry Forward
The fastest way to test whether a specific portfolio fits the programme is a conversation. Use the contact options above and you will speak directly to someone who can assess the case, typically the same business day for enquiries received within working hours.
For a meaningful first conversation we need the basic shape of the portfolio: addresses or postcodes, property types, approximate values, current charges if any, the borrowing entity structure, the use of funds, and the intended exit. That is enough to confirm fit and produce an indicative quote - a written illustration of the facility structure, gross loan, rolled-in costs and timely repayment discount for the specific case.
The indicative quote is not a binding offer; it is an illustrative figure that lets borrower, broker and lender confirm the proposition is workable before committing to valuation and legal costs. Where the quote is accepted in principle, the case progresses to formal underwriting, valuation, legal work and drawdown.
Speed claims on portfolio facilities are more measured than on single-asset bridging. Most portfolios at this scale involve multiple valuations and a more substantial legal pack; a realistic timeline from acceptance of the indicative quote to drawdown is typically two to four weeks for straightforward cases, longer for portfolios involving heavy industrial assets or unusual structures. The initial assessment, however, is same-day on most enquiries.
Sitting Alongside the Standard Product
The Mixed Portfolio Bridge programme is a distinct addition to Mallard's lending, not a replacement. Single-property and small-portfolio enquiries continue to be served by our standard facility, which remains the right product for the majority of bridging conversations. Information on the standard product, including detail on bridging loan types and worked examples, sits across our articles section.
Cases that begin on the standard product can be reviewed against the Mixed Portfolio Bridge criteria if the scale or asset mix points that way during the conversation. There is no requirement to choose the programme up front - the lender works out which product fits during the assessment.
Frequently Asked Questions
The FAQ block below covers the most common opening questions about the programme. For anything not covered there, use the contact options above. Initial assessments on portfolio enquiries are produced same-day in the majority of cases.