The 63-unit block was valued at £8.75m and formed part of a broader refinancing strategy.

HTB is also working with the borrower on a separate funding facility for a residential scheme in central London.

The deal was structured alongside an existing land loan supporting future phases.

The scheme includes the full refurbishment of 18 existing apartments.

The announcement follows the launch of Portfolio Edge, a dual-structured term and bridging facility for landlords.

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.