United Trust Bank has built strong relationships with its developer customers, in some cases dating back decades. Over time, the Bank has supported their growth by funding increasingly larger projects and usually several developments at the same time.
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At UTB we understand that development sites are often like buses – you wait ages for one to come along and then three turn up at once.
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United Trust Bank is committed to supporting the SME house building sector. Recently the Bank provided funding to a growing regional house builder for a development of 91 homes on the edge of a popular midlands village.
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BORROWER
Private Client
LOAN
£11.8 million
LOAN TYPE
Development Finance
LOCATION
Greater London
LTC
75%
PROJECT TYPE
• New Build | Mixed use
• 10 storeys including basement
• Principal Contractor
SPECIAL FEATURES
• JV between two Family Offices
• Former pub site next to transport hub
• Complexities around enabling infrastructure,
International Private Clients and Family Offices frequently look for opportunities to diversify their wealth into UK Real Estate as part of their wider asset management &
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United Trust Bank was approached to assist with the redevelopment of an existing Social Club in to a mixed use residential led scheme including a new social club with adjoining office space and 18 brand new apartments in the upper parts.
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United Trust Bank’s development finance team was approached to consider providing a part refinance and development facility for an existing customer.
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United Trust Bank’s Development Finance division was approached by a husband and wife team to assist with the refinance and subsequent development of a detached house in South London.
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