Case Studies

"UTB understand exactly what we’re trying to achieve at Acorn and provide the support we need to help us realise those goals."

Melanie Omirou, Group Managing Director & Funding Director of Acorn Property

United Trust Bank (UTB) has agreed to fund an £11m redevelopment of a former hotel site in a stunning beachside location on the north coast of Cornwall. The Bank was approached in October for funding required by the developer to complete the purchase of the site and the construction of a 3 storey building consisting…

United Trust Bank (UTB) has agreed to fund a Senior Living development in the East of England. The development of 99 independent living (retirement) apartments comprises 37 affordable rented and 62 apartments for sale, with options for shared ownership, and a central community ‘hub’. The finished property will provide communal facilities including a bistro/dining area,…

United Trust Bank is providing the funding for phase 2 of the redevelopment of a site featuring a prominent Grade II listed building having successfully funded phase 1. The Bank has supported the growth of the Borrower by funding increasingly larger schemes across multiple sites in recent years. The landmark building occupies an elevated position…

UTB’s Development Finance division was approached by a newly formed SPV looking for funding to acquire and develop a former bus depot site in a popular coastal town. Although a new client to the Bank, the parent company of the SPV had a strong track record of delivering successful developments including playing a significant role…

United Trust Bank’s Development Finance division was approached to fund the acquisition and conversion of a redundant city center office block under permitted development rights. The building was being disposed of as part of a large-scale relocation by the former owner occupiers, the local council, and UTB together with their funding partners worked collaboratively to…

Development finance facilities were made available to a long-standing customer to fund an office to residential conversion of two separate buildings. Together they would create 74 apartments and 18 new airspace / rooftop units. With works nearing completion and sales underway, the borrower identified two further opportunities of interest close to the current sites. Following…

United Trust Bank’s Development Finance team were approached to jointly fund phase 1 of the conversion of a vacant office block under permitted development rights. The developer was seeking high LTC funding for the £14.5m project to enable them to retain equity for other opportunities. The 5-storey building is situated in an affluent town on…

UTB’s Development Finance team was approached to fund the demolition of a dated 1930s dwelling and the construction of a high-end new build apartment scheme in a sought-after location close to a popular golf course. The borrower is an SPV established as a joint venture between the architects who found the site and designed the…

UTB’s Development Finance team was approached to fund the redevelopment of a site that had been assembled from a variety of commercial buildings with planning subsequently agreed for a residential led mixed use scheme. The borrower is an investment advisory firm focused on real estate which although new to UTB had a demonstrable track record…