HTB supports refinance of commercial property scheme
Hampshire Trust Bank

HTB supports refinance of commercial property scheme

Hampshire Trust Bank (HTB) has completed a £430,000 bridging loan to support the refinancing of a commercial property development in Colchester.

The short-term facility was provided at 70% LTV and was turned around in nine days from initial enquiry to completion.

The security property was a former bank which had been extended into four self-contained units.

The loan was required to raise capital to fund further acquisitions on the sites identified.

“We understand that when borrowers need short term lending, they need it quickly,” said Alex Searle, sales director at HTB (pictured above).

“With our ring-fenced short-term lending team, we make sure that each step of the process is lined up to work as swiftly as possible: from enquiry to valuation; from underwriting to completion.”

The transaction was brokered by Boudicca Financial Solutions.

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