The five-year fixed, five-year term facility — which was brokered by a Connect IFA — provided finance for a former magistrates’ court that has been converted into 30 apartments.
“This was a tricky deal but when you have a great borrower with a great asset and a great broker, almost anything can be overcome,” said Alex Upton, sales director of specialist mortgages at HTB.
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Adam Butler, lending manager at HTB, added: “I have an excellent relationship with Connect and love working with them.
“All parties worked closely with the client to fully understand the deal and what they are looking for and I am chuffed that we could get this completed in such a quick timescale.”
Kevin Thomson, sales director at Connect, stated that the case highlighted its ARs’ “expertise and support” to deliver in the specialist lending market.