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,
Bridging loan enables a couple to buy and modernise their new home
United Trust Bank’s Bridging team were approached to assist a married couple in the purchase of a property which would become their new home.
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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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New ID verification App helps deliver a quick decision
Having moved into their new home six years ago, fitted a new kitchen, decorated throughout and landscaped the gardens, our borrowers’ budget was just about under control.
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New £9.9m facility for a market making developer
United Trust Bank is providing the funding for phase 2 of the redevelopment of a site featuring a prominent Grade II listed building having successfully funded phase 1.
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‘’A speedy response to a challenging timetable’’
UTB’s Structured Finance team were approached by an experienced developer who was seeking funding to refinance a recently completed 5 storey new build apartment block together with basement car parking located in a central city location.
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Swift work enables site acquisition in 15 working days
UTB’s Development Finance division was approached by a newly formed SPV looking for funding to acquire and develop a former bus depot site in a popular coastal town.
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£220,000 refinance funds new contract investment
BDM Klara Hanrahan was approached by a broker assisting a company in releasing capital from some of its existing assets. The customer,
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£12.6m refinance enables the customer to keep their options open
UTB’s SF team were approached by Tom Robinson of Bircroft Finance Limited to assist a client who wished to refinance a fully let commercial building of circa 17,000 square feet.
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UTB bridge helps brothers to launch new careers
Two brothers had received a cash inheritance and had decided to use it to launch careers in property investment. Both were tradesmen and having completed many refurbishments for clients,
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