The Development Finance team at United Trust Bank was approached by a long-term developer client to fund a project in an attractive village in the heart of Hampshire.

A broker approached United Trust Bank’s Development Finance team asking them to consider a proposal to assist an Essex landowner with a joint venture (JV) on a sizeable development project.

Although in the majority of UTB’s development finance cases the borrower is an experienced and well established developer, in this instance we found ourselves in the unusual position of providing a £2m facility to a publican with no previous development experience.

United Trust Bank was approached by a developer it has worked with several times before to fund their latest project of constructing 12 new apartments on top of existing apartment blocks where he already owned the freehold interest.