HTB completes £20m of deals in three days



Hampshire Trust Bank (HTB) has completed three deals in the same amount of days with The Property Finance Collective, totalling close to £20m.


These deals included an £11.9m development loan written for the first phase of a 49-unit development, and a £1.75m development exit loan for a seven-apartment conversion project.

HTB also provided a £6.075m refinance of a newly-built development including 40 residential units and one retail unit.

These deals were all arranged by Michael Primrose and Adam Powell, managing director and head of business development respectively, at The Property Finance Collective.

“It’s always a pleasure working with Michael and his team at TPFC, and completing three deals in three days is a remarkable achievement,” said Mark Witherington, lending director of development finance at HTB (pictured above), who explained how each transaction required “tailored solutions”.

“For instance, we initially funded the conversion of a retail property’s upper floors into apartments,” he added. “When the client secured new planning permission midway through, we adapted our financing - transitioning from development lending to an exit loan - to support further development and provide time for sales completion. This highlights the strength of our partnership and HTB’s adaptable approach to specialist finance.”

Michael added: “Working with HTB on deals of this complexity requires a team that’s both knowledgeable and creative, and we’re fortunate to have that in spades.

"HTB’s adaptable approach and proactive support at every stage made all the difference, and the commitment from Mark, Kris, and the entire HTB team was instrumental in getting these over the line.”



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