HTB funds portfolio expansion with £6m facility

Published on

Hampshire Trust Bank (HTB) has provided funding to the tune of £6 million to support the expansion of a professional landlord’s HMO portfolio.

The property investment firm, which has a structured growth strategy, required a lender that could accommodate both its immediate investment needs and long-term expansion plans, with ambitions to secure up to £25 million in financing.

Having reached borrowing limits with other providers, the landlord sought a funding partner capable of structuring a solution suited to its complex portfolio and governance requirements. Bircroft Private Ltd acted as the broker on the deal, working with HTB to develop a funding arrangement that offered both flexibility and the potential for future growth.

A key challenge in the deal was the client’s shareholding structure, which required a legal framework that maintained decision-making control with the principal shareholder while meeting the lender’s security requirements. HTB collaborated with Arch Law to establish a structure that ensured shareholder approvals were in place while maintaining the business’s operational integrity.

To ensure a smooth approval process, the broker and client engaged early with HTB’s underwriting team, allowing for a detailed review of the business strategy and financial position.

Joseph Lethbridge (pictured), business development manager at HTB, said: “This wasn’t just about financing a deal – it was about structuring a solution that aligned with the client’s long-term ambitions. Early engagement allowed us to work through complexities upfront and put a facility in place that supports their continued portfolio growth.”

The two loans were structured with a 10-year term, with a tailored rate designed to support the client’s investment objectives. With funding now secured, further transactions totalling £3m are already in discussion.

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.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Crystal hails Goldberg’s impact and welcomes Together leadership plan

One of the UK specialist finance sector’s most prominent distribution firms has paid tribute...

The Exeter reveals 2024 health, income protection and life payouts

UK mutual health and protection insurer The Exeter paid out £61 million in claims...

Tandem reports record green lending as customers cut 70,000 tonnes of CO₂

Tandem Bank has published its most comprehensive ESG report to date, disclosing that it...

HTB provides £20m+ facility for land portfolio refinancing

Hampshire Trust Bank has completed a development finance facility in excess of £20m to...

Davisons Law joins conveybuddy panel

Conveyancing distributor conveybuddy has announced that West Midlands-based Davisons Law has joined its panel...

Latest opinions

A home shouldn’t be out of reach for those who keep the UK running

In a housing market that has grown steadily more selective, it is often those...

Richard Pike: A conference of positivity – Global ABS Day three

It’s time for reflection of the last three days here in Barca. To readers,...

Maximising embedded value and delivering a great service

While advisers understand the importance of looking after existing clients, nurturing your back book...

Open banking and smart data transformed finance – now it’s time to do the same for property

The UK is set for a 'smart data' revolution, a revolution which began with...

Other news

Crystal hails Goldberg’s impact and welcomes Together leadership plan

One of the UK specialist finance sector’s most prominent distribution firms has paid tribute...

The Exeter reveals 2024 health, income protection and life payouts

UK mutual health and protection insurer The Exeter paid out £61 million in claims...

Tandem reports record green lending as customers cut 70,000 tonnes of CO₂

Tandem Bank has published its most comprehensive ESG report to date, disclosing that it...