The Property Finance Collective completes 3 deals in 3 days with Hampshire Trust Bank worth £19.7m

By Bridging Loan Directory 4th November 2024

Last week saw TPFC complete three deals in three days with Hampshire Trust Bank, including a £6.075m refinance of a new build block of flats, an £11.9m development loan for a large scheme in Lincolnshire and a £1.75m development exit bridging loan.

The loans were arranged by Michael Primrose and Adam Powell, with the support of Alison Dalton.

All three deals came with their complications, including title issues, lease issues and legal delays.

Michael Primrose of The Property Finance Collective says:

“I am immensely proud that we managed to get these 3 deals over the line, and this marks a really big moment for TPFC as we really stamp our mark as one of the brokers to watch.

Completing deals of this complexity and size requires a team full of knowledge and creativity and we are very lucky to have both in droves!

I am immensely grateful to Mark Witherington, Mark Newman and Annie Crust, who all pushed above and beyond to get these deals over the line!ˮ

Adam Powell of TPFC says:

“Absolutely delighted to complete nearly £20M with Hampshire Trust last month with 3 very complex deals, marking a milestone of successful business with the bank.

A special mention must go to Mark Witherington and his team whose expertise and thoughtful approach were instrumental in supporting our clients immediate requirements and long term objectives.ˮ

Mark Witherington of HTB says:

“It has been great to continue our long standing relationship with Michael and the Team at TPFC.

These were complex deals due to amount and structure but working closely together, flexible funding solutions were tailored to the borrowers exact requirements.

It is always great to get a deal over the line with our brokers, but 3 in 3 days is something specialˮ

Mark Newman of HTB says:

“This case was a very unique case, working together on this showed a true testament of both HTB and TPFC on the speed and collaborative working to get the deal submitted on the 24 of July and get the case offered on the 5th August which is outstanding.

The customer had a deadline and we hit the deadline due to the teamwork to ensure the applicant redeemed his existing loan.

TPFCʼs knowledge of the case and assistance in providing what was required at every stage of the process including legals made this a smoother process for the applicantˮ