The assets, valued at £4.54 million, include a mix of retail and residential units.

The £38m revolving credit facility covers six sites with a GDV of approximately £168m.

The transaction was completed in just 12 working days from initial contact.

The lender refinanced the site, which is strategically located in an area of the Southeast that is experiencing significant regeneration.

The £2m facility covers 100% of both purchase and development costs.

The two HMO properties, refinanced under residential terms, contain a total of 37 units.

The development includes four two-bedroom bungalows and larger family houses.

Potential delays were avoided by bringing in the borrower’s original solicitor, speeding up the completion.

The number of HMOs in the UK has dropped by 9.5% since 2018.

Hampshire Trust Bank (HTB) has announced that it has completed a £20m+ development finance facility to refinance a substantial strategic land portfolio on behalf of a UK-based...