Hampshire Trust Bank (HTB) Specialist Mortgages has announced the completion of a £5.4m loan for a security located in Camberley, Surrey. The facility was brokered by Connect IFA.
The loan provided finance for a former magistrates’ court that has been converted into 30 apartments. The property, situated in the town centre, with excellent transport links, has proved attractive to both investors and first-time buyers.
Alex Upton, pictured, Sales Director, Specialist Mortgages at HTB said:
“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.”
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 said:
“This case typified the benefits of Lender, Network and Broker working together for the same goal of satisfying the client’s requirements. It also highlighted that our ARs have the expertise and support to deliver in the Specialist Lending Market.”