United Trust Bank has provided a financing facility of 35.5 million pounds for a build-to-rent development in the London district of Earlsfield. The transaction enables developer Dominus New Homes to refinance an existing development loan as the mixed-use residential scheme approaches structural completion.
The project in the south-west of the British capital comprises 96 apartments alongside accompanying commercial space. By completing the refinancing, the property developer secures a tailored capital structure for the upcoming transition from the construction phase into operational rental management.
Structured financing ahead of completion
The provision of the debt funding comes at a critical milestone for the project. As the development approaches practical completion, the risk profile shifts from construction risks towards operational letting. Replacing the original construction loan with the specialist facility gives the developer financial planning certainty.
Institutional financing solutions for the build-to-rent sector continue to gain momentum in the delivery of modern residential schemes across London. The commitment by United Trust Bank highlights the readiness of specialist lenders to provide dependable backing for high-calibre residential projects in sought-after locations such as Earlsfield, even at advanced stages of development.
Key details of the project
- —Financing volume: 35.5 million pounds (£35.5m) by United Trust Bank
- —Project scope: 96 rental flats in a mixed-use scheme
- —Developer: Dominus New Homes
- —Location: Earlsfield in south-west London
Dominus New Homes is using the newly established financing foundation to set the commercial course for the long-term operation of the property. Following the refinancing, the scheme can proceed on schedule into the residential letting phase once the final works are completed.
