Locked down but not locked out

Locked down but not locked out

BORROWER
‘Value Add’ Investor-Developer

AMOUNT
£10.9 million

LOAN TYPE
Investment Finance Term Loan

LOCATION
Greater London

LTV
69%

PROJECT TYPE

Mid Term Investment with Stabilisation Period

SPECIAL FEATURES

• Underwritten and drawn during Covid-19 lockdown
• Equity release
• Interest margin reductions as the building
achieves letting benchmarks

UTB’s Structured Finance team were approached by an existing customer to refinance a recently completed development of 45 apartments.

Read more »
Complex scenario, simple solution

Complex scenario, simple solution

BORROWER
Developer

LOAN AMOUNT
•Circa £1.2m – Acquisition Loan
•Circa £600k – VAT Loan

LOAN TYPE
Structured Finance

LOCATION
South East

LOAN TO COST
51% (combined)

PROJECT TYPE

• Acquisition of a commercial/light industrial business park for redevelopment

SPECIAL FEATURES

• Loan includes VAT funding
• Multiple amendments of the facility structure to accommodate the
changing security
• 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.

Read more »
Supporting the growth of a student HMO portfolio

Supporting the growth of a student HMO portfolio

United Trust Bank’s Structured Finance team were approached by Bircroft Private to provide funding for the acquisition and development of a tired property in a popular south coast town to an HMO for student accommodation.

Read more »

Open your business account here

Open your ISA account here