Matthew Wyles

HTB and Brightstar complete development exit loan in eight days

Hampshire Trust Bank has completed a £1.2m development exit facility to property developer Centaur Group.

The deal was brokered by Brightstar, with the funding turned around in just eight days.

The group will use the funding to refinance an existing loan secured against a residential property in Camberley, Essex.

Kit Thompson, director of short-term lending and development at Brightstar, said that eight days from application to enquiry – with the legal paperwork completed by Lightfoots in three days – was phenomenal work.

“This is the smoothest, slickest process I have experienced from any bridging lender in quite a while.

“We are looking forward to working with Hampshire Trust Bank again.”

Matthew Wyles, CEO at Hampshire Trust Bank (pictured above), said that in his experience, completing deals within a few days required all the parties to be on the ball from day one.

“That was definitely true in this case.

“The client, Brightstar and the lawyers were all superbly responsive – it was a real team effort and a textbook example of what good looks like.

“A big thank you from us to Kit Thompson and his fabulous team.”

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