“With an existing relationship in place and a clear understanding of the asset, we were able to move efficiently and deliver a facility that supported the next stage”
– Tim Mycock – Hampshire Trust Bank
Hampshire Trust Bank (HTB) has announced that it has completed a £13.3m facility to support the refinance and phased sale of homes at a retirement living scheme in the South of England.
The project, delivered by an experienced UK investor, features a mix of bungalows, townhouses and apartments within landscaped grounds. Communal amenities include a restaurant, café, cinema and gardens. The funding facility enables the borrower to refinance the 59 remaining homes while progressing sales on a unit-by-unit basis to private buyers.
Designed for downsizers and over-55s seeking independent living with lifestyle benefits, the scheme has demonstrated strong occupancy and a proven sales track record. The structured facility offers funding certainty while aligning with the borrower’s long-term strategy. The deal was completed within four weeks of the initial offer, supported by the clarity of the borrower’s disposal plan and the structured nature of the transaction.
Tim Mycock, Beth Rungay and HTB’s development finance team managed the deal, with support from Lucas Cutts and the bank’s credit and CQA teams. The transaction was introduced by Adam Brews of Vandermolen Real Estate.
“It’s been a real pleasure working with the borrower and HTB on this transaction,” said Adam Brews, head of capital advisory at Vandermolen Real Estate. “It’s a great example of what can be achieved when experience, trust and teamwork come together. Deals like this don’t happen by accident; they require conviction, collaboration and sharp execution. We’re thrilled with the outcome.”
“We were pleased to support this facility and work with an established institutional investor on a scheme with strong fundamentals,” commented Tim Mycock, lending director at HTB (pictured). “The transaction required a structured approach and confidence in the borrower’s sales strategy. With an existing relationship in place and a clear understanding of the asset, we were able to move efficiently and deliver a facility that supported the next stage. Completing the facility within four weeks of the offer reflected the strength of the borrower’s strategy and the way both sides approached the deal.”
“This was a good example of the kind of structured, real-world funding we are increasingly being asked to provide,” noted Neil Leitch, managing director of development finance at HTB. “Supporting unit-by-unit disposals within a mature retirement living scheme takes more than just underwriting the asset. It requires a deep understanding of layered ownership, varied sales trajectories and borrower strategy.
“As demand for later-living schemes continues to grow, lenders need to provide pragmatic, well-structured funding that supports both long-term investment plans and the practical realities of these communities. We were pleased to support this deal and look forward to building on the relationship.”
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