“This deal is an excellent example of the breadth of opportunities where regulated bridging can provide the right solution”
– Gemma Roberts – United Trust Bank
United Trust Bank (UTB) Bridging has completed a £5.2m regulated developer exit bridging loan to refinance a recently finished £12.75m country estate in the Home Counties.
The facility, introduced by Paul Atkinson, founder of Forecast Finance, allowed the borrower to refinance an existing development loan and repay unsecured debt used to complete high-specification interior furnishing and dressing. The 12-month term provides the owner with time to properly market the 10,000 sq ft home, set within 12 acres, and secure the best possible sale price.
The transaction underlines UTB’s flexibility and expertise in handling large, regulated bridging loans. While many regulated loans are commonly linked to chain breaks, auction purchases, or downsizing, UTB continues to support a wide range of borrower circumstances.
Deal summary:
Loan amount: £5.2m
LTV: 52% of valuation
Loan type: 12-month regulated bridge
Introducer: Paul Atkinson, founder – Forecast Finance
The case was managed by UTB Bridging BDM Gemma Roberts, who coordinated an introductory call between Paul, the borrower, and UTB to fully understand the client’s background and objectives. Bridging underwriter Louise O’Calaghan played a pivotal role in assessing the proposal, conducting detailed due diligence on the valuation and marketability of the substantial country home, and structuring the loan to meet the borrower’s needs.
Paul Atkinson, founder of Forecast Finance, said, “Right from the start, working with Gemma and Louisa was a real pleasure. Although there were a few hurdles along the way, UTB’s flexible and commercial approach helped keep everything on track and ensured a smooth process. This successful outcome is a great example of how Forecast Finance supports clients with the expertise needed to navigate even the most complex transactions.”
Gemma Roberts, business development manager – Bridging at United Trust Bank (pictured), said, “This was a great case to work on, and it was a pleasure to work with Paul in delivering a great solution for his client. This deal is an excellent example of the breadth of opportunities where regulated bridging can provide the right solution.”
“By taking the time to fully understand the borrower’s circumstances and future plans and working closely with Paul and Louise, we were able to deliver a substantial facility that gave the client certainty and time to maximise the value of their exceptional property. It’s another reminder of how UTB’s collaborative approach and access to knowledgeable underwriters combine to help us deliver great outcomes.”
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