Commercial Finance
HTB completes £5.8m deal with Kingswood Associates
Hampshire Trust Bank (HTB) specialist mortgages division has completed a £5.8m semi-commercial loan with Kingswood Associates.
The facility was provided for a development consisting of 16 luxury apartments and three vacant ground floor commercial units.
HTB said its team turned the proposal around swiftly, offering a deal which allowed the client to maximise their borrowing.
After sourcing a surveyor that could present a valuation report to meet the deadline, HTB took a holistic approach to the transaction.
The client’s additional investment properties, trading businesses and main residence were then reviewed to allow further equity to be released.
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Alex Searle, sales director of specialist mortgages (pictured), said the result was testament to its dedication to delivering flexible solutions.
She added: “This transaction is typical of the competitive and dynamic approach HTB provides its brokers and their clients.”
Jason Caprioli, lending director at Kingswood Associates, said the team is grateful to have worked with HTB.
In April, HTB completed a complex £1.5m loan from offer to drawdown in two working days.