Hampshire Trust Bank has completed three refinancing deals totalling approximately £2.5m for a single investor group, covering buy-to-let and semi-commercial properties across Yorkshire and Greater Manchester.
The facilities were arranged in quick succession for three special purpose vehicles controlled by the same investor group, establishing new relationships for the bank across properties in Leeds, Hyde and Sheffield.
Property portfolio details
The assets comprised a three-flat freehold in Leeds, a mixed-use building in Hyde containing a retail unit and 12 apartments, and a Sheffield property with eight apartments above a commercial unit. In total, the bank refinanced 23 residential units and two commercial units onto term facilities at current market value.
Additional capital was released against the Leeds property to support further acquisitions by the investor group.
Each case presented different requirements, including mixed freehold and leasehold tenure, part-sold blocks, multiple borrowing entities and semi-commercial income with residential weighting. The bank assessed each asset individually while considering the wider borrower structure and the group’s investment experience.
Transaction timeline
All three deals completed ahead of redemption penalty dates with the outgoing lenders, avoiding additional costs for the borrowers. On one facility, the bank released funds on the same day it received the final certificate of title.
Manchester-based real estate debt advisory firm Roscap, led by co-chief executives Suleman Rafiq and Clemente Apollonj-Ghetti, introduced the deals. The firm submitted the cases with supporting information from the outset, which maintained momentum through underwriting and completion.
The transactions come as landlords navigate changing market conditions, with many seeking to refinance existing portfolios.
Wes Baker, regional account director at Hampshire Trust Bank, said: “Across these three cases, we had a range of property types, tenure positions and borrowing structures. That meant looking at each asset on its own merits rather than trying to apply the same approach across the board.”
Rafiq commented: “Wes and the wider team understand complex property and engage constructively on how cases can be structured, while their completions team is highly responsive when deadlines matter.”
Market context
The refinancing activity reflects ongoing demand for specialist lending in the buy-to-let and semi-commercial property sectors, particularly for portfolios with mixed tenure arrangements. The deals demonstrate how lenders are adapting to complex property structures in the current market environment.
The completion of multiple facilities for a single investor group highlights the consolidation trend among property investors seeking to streamline their financing arrangements across diversified portfolios.
