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.
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United Trust Bank was approached by one of our long established brokers to assist with a new customer who had exchanged contracts with a land owner on an option to purchase the freehold interest in a farm in Hertfordshire and develop it on a joint venture basis.
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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.
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In January 2015 United Trust Bank’s Development Finance team was approached to provide funding to assist with the refurbishment of a part Grade II listed gatehouse.
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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.
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United Trust Bank was approached to refinance two developments built by a very experienced developer for whom we had previously funded a site of 15 homes.
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The United Trust Bank Development Finance team was recently approached to re-finance an existing house in Bristol which was owned through a company as a Buy to Let investment.
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In July, the United Trust Bank Development Finance team was approached by a new customer wishing to secure funding for a scheme to convert offices above commercial premises to nine 2 bedroom residential units.
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