United Trust Bank has provided a £35m build-to-rent refinancing facility for a £56m Heathrow office-to-residential conversion scheme.

The development will deliver 76 high-quality co-living apartments with dedicated co-working space and a modern public house, with a gross development value of approximately...

The funding covered a shortfall of over £2.2m, including SDLT, after a family gift was withdrawn.

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...