Hampshire Trust Bank completes complex £5.8m semi commercial loan
Hampshire Trust Bank’s specialist mortgages division has completed a complex £5.8m semi commercial loan for a London based client.
The facility, brokered by Kingswood Associates, was provided for a development that consists of 16 spacious luxury apartments and three vacant ground floor commercial units. The HTB team turned the proposal around swiftly.
Alex Searle (pictured), sales director, specialist mortgages said: “This transaction is typical of the competitive and dynamic approach HTB provides its brokers and their clients.
“This fantastic result is testament to our dedication to delivering flexible solutions and demonstrates our commitment to delivering excellence through specialism.”
Jason Caprioli, lending director at Kingswood Associates, added: “We really appreciate when a lender puts in the hard work to look at a deal from all angles. We are grateful to have such a fantastic and flexible team of experts in HTB.”
After sourcing a surveyor that could present a valuation report to meet the tight deadline, the client’s additional investment properties, trading businesses and main residence were then reviewed to allow further equity to be released.