The 40-apartment development across three blocks received a dual-facility solution combining a five-year investment loan with a three-month developer exit bridge.

The property had an expected finished value of £4.25m.

The facility is worth £25m and supports over 30 student and HMO properties.

UTB is providing £10.7m in finance, covering 65% LTGDV for both developments.

United Trust Bank (UTB) recently completed a regulated bridging case that highlights how lenders and brokers can manage transactions efficiently, even when AVMs are not available.

Two properties were acquired through a company share transfer.

United Trust Bank (UTB) Structured Property Finance has announced that it has successfully completed a complex £5m commercial bridge on an £8.4m newly refurbished...

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

This latest deal follows the completion of an £11.4m hybrid facility on a luxury apartment scheme in Hove.

The transaction enabled Cayuga Homes to sell some of the 33 apartments in the development with no early repayment charges, retain the rest, and release some equity.