Hampshire Trust Bank (HTB) Specialist Mortgages division has completed a £3,060,000 complex loan for a family owned UK business. The facility provided a remortgage on a block of 20 flats and a £1m capital raise to fund another development.
The property was well located, close to Ruislip tube station and contained a range of flat sizes from studios to two bed flats. HTB took the bespoke deal from enquiry to completion within two weeks.
Jason Caprioli, Lending Director at Kingswood Associates said:
“Kingswood needed to deliver an equity release quickly for the client. HTB’s dedicated team and streamlined approach to lending allowed us to perform a complex term debt transaction in bridging timescales. This allowed the client to focus on their core business and saved them considerable time and money.”
Alex Searle, pictured, Sales Director, Specialist Mortgages added:
“HTB specialise in delivering bespoke solutions to best suit customer requirements. But what truly sets us apart is our expertise in dealing with complex lending which allows us to service our customers throughout their lifecycle, from enquiry to completion. This transaction highlights our ability to provide a dynamic and flexible service and is another great example of our dedication to delivering excellence through specialism for our broker network.”