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HTB completes £7m bridging loan for multi-unit portfolio acquisition




Hampshire Trust Bank (HTB) has delivered a £7m bridging loan to support the acquisition of a substantial property portfolio.

Comprising over 90 residential units and one commercial property, the portfolio was held within an Isle of Man-domiciled Special Purpose Vehicle (SPV).

The transaction involved the purchase of the SPV’s shares, with the client negotiating a discount on the portfolio’s price from £10m to £8.6m.

HTB structured a tailored bridging loan, integrating the portfolio and two additional properties as cross-collateral security.

The financing included a part-rolled, part-serviced interest structure, providing the client with flexibility to complete cosmetic refurbishments and refinance at an uplifted value.

HTB collaborated closely with legal teams from Seddons, who advised on the property and corporate aspects of the transaction, as well as Nelsons and Isle of Man counsel.


Lorenzo Satchell, sales director of bridging at HTB (pictured above), commented: “The transaction involved international legal considerations, a share purchase structure, and bespoke financing requirements, all of which required close collaboration and creative thinking.

“By working directly with the client and their legal teams, we managed each stage seamlessly, demonstrating our commitment to delivering tailored solutions that make challenging transactions possible."

Matthew Stayt, partner at Seddons, added: "This was a complex transaction for several reasons.

“Thanks to excellent collaboration between the borrower, introducer, and legal teams - alongside HTB’s commercial and practical decision-making - the transaction was successfully completed.

“This was a fantastic showcase of teamwork and innovation, and we look forward to working with HTB on future share purchase transactions."

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