The development includes four two-bedroom bungalows and larger family houses.

Hampshire Trust Bank (HTB) has announced that it has completed a £20m+ development finance facility to refinance a substantial strategic land portfolio on behalf of a UK-based...

The portfolio comprises a mix of 4 and 5-bed homes due for completion in June next year.

The first phase is set to deliver 134 apartments and 12 houses.

Brokers can now benefit from 100% of development costs following today's enhancements.

The facility was issued at 65% LTV on a 16-month term with a flat rate of 0.78%.

The micro-hotel sector, including capsule hotels, has grown by an average of 16.4% per year since 2012, outperforming traditional hostels in profitability per square foot.

The deal was completed on Aspen’s Flat Rate at 0.87% over 12 months, while the exit will be achieved through the sale of the property.

Valuations for the transaction were undertaken by JLL, and legal due diligence was provided by Clarion.

The new care home is expected to reach practical completion in August 2026.