Locked down but not locked out

Locked down but not locked out

BORROWER
‘Value Add’ Investor-Developer

AMOUNT
£10.9 million

LOAN TYPE
Investment Finance Term Loan

LOCATION
Greater London

LTV
69%

PROJECT TYPE

Mid Term Investment with Stabilisation Period

SPECIAL FEATURES

• Underwritten and drawn during Covid-19 lockdown
• Equity release
• Interest margin reductions as the building
achieves letting benchmarks

UTB’s Structured Finance team were approached by an existing customer to refinance a recently completed development of 45 apartments.

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Not your average runabout

Not your average runabout

United Trust Bank’s Asset Finance division has a strong track record of funding and refinancing some very desirable cars as well as the buses,

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Developer exit with a difference

Developer exit with a difference

United Trust Bank (UTB) completed a bridging facility for a developer in unusual circumstances.
The borrower and his family were occupying the original house on the site and marketing a second new-build 4 bedroom,

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From small acorns…

From small acorns…

It’s not unusual when a broker is starting a relationship with a new lender, for them to initially give them some smaller deals to test the water before moving on to proposals for some bigger ticket items.

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