United Trust Bank was approached to fund the site acquisition and construction of two prestigious residential developments in Buckinghamshire with a combined GDV of £21.6m.
The borrower is a multi-award-winning residential property development company with a proven track record in delivering outstanding, design-led homes across London and the Home Counties.
The first development will comprise two generously appointed 5-bedroom homes with large private gardens, luxurious specifications and bespoke architectural features. The two homes are valued at £6.5m and £5.5m.
The second development is an exclusive gated scheme comprising three Edwardian inspired luxury homes priced from £2m.
Although a new customer to the Bank, the borrower’s proven success and expertise in the market, combined with strong and experienced management, gave UTB’s Property Development team the confidence to provide c£13.4m of funding across both schemes.
| Borrower | Housebuilder |
| Amount | £13.4m (combined) |
| Loan Type | Acquisition and Development Finance Loan |
| LTC | 80% LTC blended |
| Term | 19 & 23 month terms |
| Location | Buckinghamshire |
| Loan Purpose | Site acquisition and construction of 5 luxury homes across two locations |
| Special Feature | Higher value homes with prices ranging up to £6.5m Funding for multiple simultaneous projects |