"Where we excel is in providing quick and competitive solutions to meet unusual requirements, either for the purpose of the loan itself, the complex nature of the borrower structure, or in many cases, both"
- Neil O'Shea - United Trust Bank
United Trust Bank (UTB) structured property finance has completed a £2.8m residential investment loan to fund the share transfer of a company that owned two subsidiaries, each holding a single property.
The borrower, a family-owned investment business with two equal shareholders, included one shareholder who had maintained a professional relationship with the vendor for around 40 years as both an employee and consultant.
Following the restructuring of several joint venture projects, an opportunity arose to purchase the two properties outright via a share transfer. The purchaser’s solicitors referred the case to UTB due to the complexity of the transaction.
UTB provided a three-year residential investment loan of £2.8m, including fees. Together with a £1m cash contribution from the borrower, the funding was sufficient to settle all outstanding debts on both properties once the share transfer was complete.
"Neil and the team at UTB quickly understood the scenario and our requirements, and set about creating a solution which met our needs,’ said Nikolas Van Mol, director of Oast Investments. "UTB’s experienced team were a pleasure to deal with, and I would certainly welcome working with the Bank again on other projects."
"We were delighted to provide Oast Investments with the funding they needed to complete their transfer," commented Neil O’Shea, business development director, structured property finance at United Trust Bank (pictured). "We offer bespoke funding solutions to suit a wide variety of requirements, including acquisitions, portfolio restructuring, investment lending, loan refinancing, equity releases and refurbishment projects. Borrowers can include companies and trusts, both on and offshore, family offices, and individuals."
"Where we excel is in providing quick and competitive solutions to meet unusual requirements, either for the purpose of the loan itself, the complex nature of the borrower structure, or in many cases, both. We would welcome the opportunity to work with this highly experienced and professional team again in the future."
