United Trust Bank (UTB) Structured Property Finance has announced that it has successfully completed a complex £5m commercial bridge on an £8.4m newly refurbished...

The loan was completed in 19 working days

The transaction was secured at 65% LTV using investment value instead of vacant possession value.

The commercial mortgage launch adds to the lender's existing bridging and buy-to-let services

Marston’s now leases the full portfolio on 25-year terms following Brains' earlier ownership.

The new product offers loans from £250,000 to £2.5m at up to 65% LTGDV

This latest deal follows the completion of an £800k bridge on a complex semi-commercial project in Chiswick.

Fixed-rate commercial investment mortgages now start at 5.92%.

The loan was structured at 70% LTV, providing the full net amount required for the borrower’s redemption.

The lender is now offering loans up to 70% LTV and stepped rates for greater flexibility