Hampshire Trust Bank (HTB) Specialist Mortgages division has completed a £4,972,500 semi-commercial loan for a BVI company. The facility provided a 75% Interest Only loan on a semi-commercial asset that had been developed by the client. The development included nine residential flats and four ground floor offices.
HTB reviewed the documents and swiftly satisfied due diligence on the BVI entity and the applicant, a Dubai based developer.
Lucy Barrett, Managing Director, Vantage Finance said:
“It was a genuine breath of fresh air dealing with the team at HTB on this transaction. Like any transaction of this size you would expect some challenges, but their pragmatic and flexible approach made this come together for the customer to give them something that really suited their requirements. The commitment and pace in the final few days to get this over the line was really impressive, and it’s nice to see a lender fighting for completion.”
Alex Searle, pictured, Sales Director, Specialist Mortgages added:
“This transaction once again demonstrates HTB’s commitment to delivering specialist financial solutions for our customer’s requirements. Our team’s commercial expertise and experience with offshore lending means we can deliver tailored facilities, to overseas clients and foreign nationals. It is this expertise that sets us apart from our competitors.”