Property developer Centaur Group has secured a £1.2m development exit facility from Hampshire Trust Bank, which was brokered by Brightstar and turned around in eight days from initial enquiry to completion.
The facility will refinance an existing loan secured against a residential property in Camberley, Essex. The construction phase of the project has completed and the property is currently for sale.
Kit Thompson, director, short-term lending and development at Brightstar, said: “Eight days from application to enquiry, with the legal paperwork completed by Lightfoots in three days, is phenomenal work.
“This is the smoothest, slickest process I have experienced from any bridging lender in quite a while. We are looking forward to working with Hampshire Trust Bank again.”
Matthew Wyles, chief executive officer at Hampshire Trust Bank, said: “In my experience completing deals within a few days requires all the parties to be on the ball from day 1.
“That was definitely true in this case. The client, Brightstar and the lawyers were all superbly responsive – it was a real team effort and a textbook example of what good looks like. A big thank you from us to Kit Thompson and his fabulous team.”