Hampshire Trust Bank (HTB) has completed a £13.3m facility to support the refinance and phased disposal of homes at an integrated retirement community in the South of England.
Delivered by an experienced UK investor, the scheme comprises a mix of bungalows, apartments and townhouses set in landscaped grounds, alongside communal amenities including a restaurant, café, cinema and gardens.
The facility allows the borrower to refinance 59 remaining homes and progress unit-by-unit sales to private buyers.
The development has strong occupancy, a proven sales track record, and is aimed at downsizers and over-55s seeking independent living with lifestyle benefits in a semi-rural location.
The structured facility provides funding certainty while aligning with the borrower’s disposal plan and long-term objectives. The facility completed in four weeks from offer, a timeframe shaped by the clarity of the borrower’s strategy and the structured nature of the deal.
The deal was managed by Tim Mycock, Beth Rungay and the HTB development finance team, with support from Lucas Cutts and the bank’s credit and CQA teams.
The transaction was introduced by Adam Brews at Vandermolen Real Estate.
Adam Brews, head of capital advisory at Vandermolen Real Estate, said: “It’s been a real pleasure working with the borrower and HTB on this transaction.
“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.”
Tim Mycock (pictured), lending director at HTB, said: “We were pleased to support this facility and work with an established institutional investor on a scheme with strong fundamentals.
“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.”
Neil Leitch, managing director of cevelopment finance at HTB, added: “This was a good example of the kind of structured, real-world funding we are increasingly being asked to provide.
“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.”
