The portfolio in question comprised 32 student residences designated as Houses in Multiple Occupation situated in a city known for its prestigious university.
The client, who owns a large property enterprise, sought to refinance their 32 HMO properties and procure upwards of £4m in funding for upcoming property ventures. They also planned to carry out minor redecorating and renovation.
Mark Nixon and Fiona Smith from Finance 55 brought the transaction to Hampshire Trust Bank (HTB), recognizing that the bank specializes in intricate HMO portfolios and is eager to lend up to £25 million to sophisticated landlords and investment clients.
“This deal is a clear indication of our commitment to providing substantial loan services for our property investment clientele.”
– Chris Daly – Hampshire Trust Bank
HTB acted with diligence and speed, rapidly gathering local market insights from the Northeast and securing high-level agreement early in the loan approval process to facilitate a smooth completion.
The bank delivered a level of service that surpassed expectations, attributed to its top-rated service offering, a swift and efficient full-scale process, and a team of professional property bankers leading the charge.
Fiona Smith, senior debt advisor at Finance 55, remarked: “Mark and I are delighted to have secured this financing for the client – our goal is always to structure and source the most effective debt solutions while offering excellent service.
“HTB is committed to exceptional broker service, and this success showcases that promise. Their team worked in close collaboration with us, and we are eager to continue this partnership.”
Chris Daly, managing director (pictured) of specialist mortgages at Hampshire Trust Bank, commented: “This transaction really showcases our strong desire to serve property investor clients with substantial loans.
“Teamwork was crucial in handling the intricate details of this transaction, both legally and in lending terms. Mark and Fiona’s expertise and prompt provision of information were invaluable.
“HTB prides itself on offering flexible lending, prompt decision-making, and leading service for both complex and straightforward property deals, exemplified by this HMO refinancing. It’s a tremendous outcome for all parties.”
