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...

The rate reductions follow recent updates to the lender's heavy refurbishment proposition.

The latest enhancement follows key improvements made to the lender's heavy refurbishment bridging proposition earlier this month.

The client, a large developer in Exeter, has refurbished an old semi-commercial building into 28 luxury flats with a GDV of £7m.

The latest deal builds upon the lender's strong track record in PBSA funding across the UK, with a growing portfolio of projects in key university cities.

Hampshire Trust Bank’s Bridging Finance team has successfully delivered a £3.2m development exit loan to support a high-value residential scheme in York.

The portfolio included a mix of HMOs, purpose-built flats, converted units, and terraced houses.

The new development aims to bring much-needed homes to Sheffield while supporting the city’s wider regeneration.

The client, having reached borrowing limits with other providers, sought a funding partner that could structure a solution suited to their complex portfolio and governance...

The transaction was complex and involved a share purchase structure and bespoke financing requirements