UTB provides £35m refinancing for Heathrow BTR scheme
Original Article Summary
United Trust Bank has provided a £35 million refinancing facility for a 169-apartment build-to-rent scheme near Heathrow Airport. The three-year loan refinances an existing facility on the £56 million development delivered by Gold Wynn. The post UTB provides £35m refinancing for Heathrow BTR scheme appeared first on PropertyWire.
PropMatch Curated Analysis
United Trust Bank provided £35m refinancing for a 169-unit BTR scheme near Heathrow, demonstrating specialist lender appetite for pre-stabilisation phase financing. The deal shows viable financing structures for developers transitioning from construction to operations.
Investor Relevance
Shows available financing options for BTR developments during the critical pre-rental phase, demonstrates conservative LTV ratios (62.5%) and competitive rates. Reveals lender appetite for airport-adjacent locations and provides benchmarks for similar refinancing deals.
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