Hampshire Trust Bank (HTB) has provided £6m in funding to support the expansion of a property investment firm’s HMO portfolio.
The unnamed client required a lender that could facilitate both immediate and long-term needs, with ambitions to scale up to £25m in financing.
This package is spread over two loans structured with a 10-year term, with a bespoke rate.
With funding now secured, further transactions totalling £3m are already in discussion.
Bircroft Private Ltd, acting as broker on the deal, worked with HTB to structure a solution that met these requirements.
HTB also worked with Arch Law to provide the shareholder approvals required as part of the borrower’s structure.
Stephen Mettler, senior underwriter at HTB, played a key role in structuring this deal.
"This wasn’t just about financing a deal - it was about structuring a solution that aligned with the client’s long-term ambitions,” said Joseph Lethbridge, BDM at HTB (pictured above).
“Early engagement allowed us to work through complexities upfront and put a facility in place that supports their continued portfolio growth."
Tom Robinson, director at Bircroft Private Ltd, added: "We worked closely with HTB to ensure the right funding structure was in place for our client.
“Their ability to take a strategic view and work through the complexities of the deal made a real difference.
“The process was efficient, and we look forward to working with them on further transactions."
