The specialist lender’s team in Leeds provided the developer Round Strategies with the loan to renovate the previously vacant property and support the construction of new contemporary housing in its grounds.
The architect of Spenfield House – a three-storey property built in 1876 for the banker James Walker Oxley – was George Corson, who designed other landmark buildings in Leeds, including the Grand Theatre and City Library.
The Spenfield Court project – which has a GDV of £7m – will see the mansion converted into six apartments and one studio, with a number of period features being restored.
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Within the grounds, seven contemporary townhouses will be built.
“Spenfield House is a beautiful Victorian mansion and it’s fantastic to be involved in [a] project that is breathing life back into the property, providing much sought-after homes in such a stunning location,” said David Whitehouse, regional lending manager for development finance at HTB.
Henry Kordowicz of Round Strategies added: “Following a lengthy four-year design and planning process, I was delighted to receive a prompt and supportive response from Hampshire Trust Bank to help finance this exciting bespoke development.”