Complex scenario, simple solution

Complex scenario, simple solution

BORROWER
Developer

LOAN AMOUNT
•Circa £1.2m – Acquisition Loan
•Circa £600k – VAT Loan

LOAN TYPE
Structured Finance

LOCATION
South East

LOAN TO COST
51% (combined)

PROJECT TYPE

• Acquisition of a commercial/light industrial business park for redevelopment

SPECIAL FEATURES

• Loan includes VAT funding
• Multiple amendments of the facility structure to accommodate the
changing security
• Due diligence relaxed on some security in order to reduce costs and
expedite the process

The Structured Finance team were approached by the prospective borrower on 13th December 2018 seeking funding for the acquisition (and VAT liability) of a redevelopment opportunity in Essex.

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Persistence eventually pays off

Persistence eventually pays off

Klara Hanrahan, one of UTB’s dedicated Asset Finance BDMs, was determined to show a successful East Anglian brokerage what a great service the Bank could offer them and their clients.

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