United Trust Bank’s Structured Finance (SF) division is providing a 4.050 million Sales Period Funding facility to a joint venture between two experienced property developers active in the West Midlands.
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.
• Acquisition of a commercial/light industrial business park for redevelopment
• Loan includes VAT funding
• Multiple amendments of the facility structure to accommodate the
• 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.
United Trust Bank’s Structured Finance division were approached by the borrower on 13th December 2018 seeking funding for the acquisition (and payment of the VAT liability) of a redevelopment opportunity in Essex.