Hampshire Trust Bank (HTB) has completed a £6 million refinance for an experienced landlord with a £100 million London portfolio, marking the second stage of a wider restructuring.
The deal follows an earlier £7.5 million refinance completed during the summer and forms part of a phased approach to reshaping the borrower’s debt position. The case was introduced by Sy Nathan, head of bridging and structured finance at Dynamo.
The portfolio comprised mixed-use properties, HMOs, multi-unit freehold blocks and semi-commercial units across North and South London.
With multiple securities held in several limited companies, the transaction required a coordinated approach and swift execution. HTB provided bespoke pricing to reflect the complexity of the assets and the client’s longer term investment strategy.
HTB said it structured the facility to meet the immediate refinancing requirements while giving the borrower room to pursue further acquisitions.
The case was managed by Serena Grewal, regional account manager, with underwriting led by Greg Barnard. Surveyor input came from Ringley and Savills, while Arch Law acted on the legal work.
The refinance gives the client the liquidity needed to move ahead with new opportunities and continue expanding the portfolio.
Grewal (pictured) said: “This was a complex portfolio refinance with several securities and company structures that needed to align to a defined completion window.
“By working closely with Sy from the outset we kept each workstream moving so the borrower had clarity at every stage.
“The tailored pricing and coordinated approach across valuation, underwriting and legal teams meant the client could progress their wider plans with confidence.”
Nathan added: “The client needed funds for the acquisition of a new site and our strong relationships with HTB were instrumental in delivering a positive and swift outcome.
“Structuring borrowing across multiple limited companies simultaneously presents its challenges. However, having worked with the HTB team on previous portfolio refinances, I was confident that together we would find a solution that suited all parties.”
