Hampshire Trust Bank (HTB) successfully refinanced a 43-property portfolio, enabling the borrower to meet a critical £6.4 million deadline.
- Earlier this year, the borrower acquired properties at 30% below market value through a bridging loan.
- Due to an impending bridging loan payment, refinancing was essential to unlock liquidity for future investments.
- HTB worked with The UK Adviser, completing refinancing within five days, showcasing their swift, tailored approach.
- The collaborative effort retained 43 properties, sold two, and facilitated further investments, demonstrating the strength of bridging loans.
Hampshire Trust Bank (HTB) has finalised a complex refinancing process for a significant 43-property portfolio, totalling £6.4 million. This strategic financial move allowed the borrower to meet an urgent deadline, showcasing the bank’s adeptness in handling high-stakes transactions. Initially, the properties were purchased earlier this year at a remarkable 30% below the market value, thanks to a bridging loan. This early purchase provided a substantial financial advantage to the borrower.
Confronted with the necessity to settle an impending bridging loan repayment, the borrower was poised to seek refinancing to secure liquidity for future acquisitions. HTB’s involvement was crucial as it facilitated this financial transition, allowing the borrower not only to meet the deadline but also to access additional funds. This transaction underscores the advantageous nature of strategically using bridging loans to maximise property investment gains.
The bank’s collaboration with The UK Adviser was pivotal to the refinancing’s swift execution, proving instrumental in transitioning the case from initial offer to funding within just five days. This cooperation highlights HTB’s capability to engineer bespoke financial solutions swiftly and efficiently, aligning with client needs and market demands.
Key figures such as Wes Baker, HTB’s Business Development Manager for the North of England, and Stephen Mettler, Senior Underwriter, spearheaded efforts that led to the swift progression of the case. Their teamwork, alongside Melanie Franks, HTB’s Senior Completions Officer, with advisors from Glovers and BBS Law, ensured the process was seamless and comprehensive.
The refinance allowed the client to retain 43 properties and offload two, raising a substantial sum for future investments. According to Andrea Glasgow, HTB’s Sales Director of Specialist Mortgages, the transaction showcased HTB’s exemplary ability to handle complex financial projects under tight deadlines while tailoring solutions that afford clients the flexibility to expand within competitive markets.
The successful refinance by Hampshire Trust Bank exemplifies the power of effective collaboration and strategic financial planning in property investments.
