Hampshire Trust Bank has provided £22m of funding against a Nottingham portfolio spanning student accommodation, HMOs and semi-commercial assets.
The specialist lender completed the transaction three weeks after issuing offers, providing two 10-year facilities to refinance existing debt and release further capital for the borrower.
The lending formed part of a broader refinancing exercise involving a second specialist lender and represented HTB’s first transaction with the client.
The portfolio includes purpose-built student accommodation alongside HMOs and semi-commercial property, adding several different asset types to the underwriting process.
HTB said it sought to reduce potential delays by completing underwriting and valuation work early, issuing legal instructions at an early stage and visiting the properties before completion. Its team also met those responsible for managing the portfolio.
Graphene Funding directors Tom Bamber and Jack Poxon introduced the case. HTB regional account director Wes Baker worked on the transaction with Stephen Mettler and Melanie Franks, alongside Arch Law.
Baker (pictured) says: “Large portfolio transactions can involve a lot of moving parts, particularly when you have different property types and several parties all working towards the same completion.
“For us, the important thing is getting into the detail early and making sure the right people are involved from the start. That allows us to make decisions quickly, keep things moving and give the broker a clear view of what is needed.
“Scale and complexity should not have to mean a slow process. This was £22m of lending completed three weeks after offer, and it shows what a specialist team can deliver when everyone is working towards the same outcome.”
Andrea Glasgow, sales director, specialist mortgages at Hampshire Trust Bank, says: “There is a lot more complexity in the market now, particularly for professional landlords with larger portfolios.
“Refinancing is rarely just about replacing one facility with another. Borrowers are looking at how assets are structured, where they want to release capital and how their funding needs to support the next stage of the portfolio.
“For brokers, that makes certainty and access to the right expertise increasingly important. They need lenders that can understand the whole picture, not just look at individual properties in isolation.
“This was a substantial transaction, but it is exactly the kind of case where a specialist approach should make a difference. £22m completed three weeks after offer is a strong result and shows what can be achieved when the lender has the experience, appetite and structure to support more complex portfolio lending.”
