UTB funds £10m riverside apartment development

UTB funds £10m riverside apartment development

An existing customer approached United Trust Bank to provide a site refinance and construction facility to develop a new build block of 49 riverside apartments and associated parking on a site close to the centre of a popular West Country town. The development is being built as a single phase but comprises 3 distinct blocks […]

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A pragmatic approach to supporting a growing East Midlands developer

A pragmatic approach to supporting a growing East Midlands developer

Earlier this year, United Trust Bank was approached by a new introducer to discuss the possibility of funding a developer on a site on the Nottinghamshire / Leicestershire borders. The client had an extensive civil engineering background and had been undertaking major roadway and ground works contracts, including those for large national house builders. However, […]

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Property professionals commercial conversion

Property professionals commercial conversion

The Bank was approached by a long standing broker partner with a proposal to fund the purchase and redevelopment of a run-down retail unit with some commercial and residential accommodation. The property had planning consent for conversion to 5 apartments with some commercial space retained to the front of the ground floor. The clients run […]

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60% top-up saves developer time and money

60% top-up saves developer time and money

We were approached by existing clients who had purchased a commercial building with the aid of a bridging facility. The property was divided into two separate sections on a corner plot and following the purchase, our clients obtained planning permission to demolish one section and build three new 1550 sq ft town houses. The other […]

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A good partnership overcomes development inexperience

A good partnership overcomes development inexperience

UTB was approached by a broker acting on behalf of their client who had completed one previous project but was otherwise not hugely experienced in property development. He did though have a good business track record and good financial standing. The borrower had already agreed to purchase derelict commercial land close to the centre of […]

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United Trust Bank takes a positive view on an undervalued site

United Trust Bank takes a positive view on an undervalued site

United Trust Bank was approached by a long standing introducer to assist a new customer who had recently had a development site in East Sussex valued below their expectations. Their existing high street lender had subsequently reduced their offer of funding and this was restricting the client’s ability to acquire a further site which they […]

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Old pub site provides 22 new homes

Old pub site provides 22 new homes

United Trust Bank were approached by a new customer and asked to consider assisting in the acquisition and redevelopment of an ex-public house site in a Shropshire town. The site already had planning consent for 14 dwellings but the clients had worked up a revised scheme for 22 units which had been supported by the […]

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An unusual refinancing of refurbishment project debt

An unusual refinancing of refurbishment project debt

At United Trust Bank we meet many borrowers who have completed a refurbishment or development project and who wish to repay their investors or development funders before all or part of the project property is sold. In this particular instance we had the relatively unusual scenario where not only was the debt requiring refinance, but […]

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