Hampshire Trust Bank (HTB) has completed three complex deals in partnership with The Property Finance Collective (TPFC) in just over three days, totalling close to £20m.
The deals included a £6.1m refinance deal on a newly built development, encompassing 40 residential units and one retail unit, an £11.9m development loan supporting the first phase of a significant development, initially encompassing 49 units, and a £1.8m development exit bridging loan of a project involving the conversion of the upper floors of a property into seven apartments.
The projects were arranged by TPFC’s Michael Primrose and Adam Powell, with HTB’s team working closely with the firm to navigate lease complications and legal delays.
Business development manager for specialist mortgages at HTB, Mark Newman, said: "The refinance case highlighted the strength of collaboration between HTB and TPFC. Working together, we submitted the deal and issued an offer within eight working days, demonstrating our commitment to speed and deliverability.
"Facing a tight deadline to redeem an existing loan, we moved quickly, even accepting an existing valuation to expedite the offer. TPFC’s in-depth understanding of the case and proactive support made the process smoother for the client. Despite some final complexities, we successfully completed on time, reflecting HTB’s drive to deliver for our clients."
Primrose added: "I’m incredibly proud that we were able to close these three significant deals with HTB. Completing nearly £20m in such a short timeframe is a major achievement for us and marks an important milestone as TPFC establishes itself as a broker to watch. Working with HTB on deals of this complexity requires a team that’s both knowledgeable and creative, and we’re fortunate to have that in spades."
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