HTB’s Development Finance team set a new completions record in June marking the most successful month in the department’s history.
This achievement follows a record-busting performance in April for credit approvals. The division is currently on track to double its credit approvals record compared with 2022.
The completed facilities ranged from £500,000 to £25 million including residential and mixed-use developments, purpose-built student accommodation, land purchases and developer exit loans, secured against a diverse array of assets including land, existing commercial and mixed-use buildings and mixed-use portfolios.
Neil Leitch, Managing Director (Development Finance) at HTB, commented:
“We are really proud of this milestone which could not have been achieved without the team’s exceptional commitment and dedication. This is just the beginning – there is much more to come and we go into the second half of 2024 with confidence, determined to maintain and build on this momentum.”
Uliana Kuzmis, Deputy Managing Director (Development Finance) added:
“June was a true buzz month. At some point, we had deals completing every day and on occasions, multiple completions in a single day. Yet, our underwriting and quality assurance teams delivered every completion on time like clockwork. It makes me very proud to see this incredible growth and to be part of this success story.”