HTB backs over-55s housing scheme with £13.3m refinance facility

• £13.3m facility provided to support refinance and phased sales of a retirement living scheme in the South of England
• 59 homes refinanced, enabling unit-by-unit disposals in a high-occupancy, lifestyle-focused community
• Facility completed in just four weeks, reflecting strong borrower strategy and collaborative execution

Delivered by an experienced UK investor, the scheme features a mix of bungalows, apartments and townhouses set in landscaped grounds, with shared amenities like a restaurant, café, cinema and gardens. Our facility enables the borrower to refinance 59 remaining homes and move forward with unit-by-unit sales to private buyers.

With strong occupancy and a solid sales track record, the development is designed for downsizers and over-55s looking for independent living with lifestyle perks in a semi-rural setting. The structured facility gives the borrower funding certainty while aligning with their sales strategy and long-term goals. We completed the deal in just four weeks from offer—thanks to the clarity of the borrower’s plan and the structured nature of the transaction.

The deal was introduced by Adam Brews, Head of Capital Advisory at Vandermolen Real Estate, who said:

It’s been a real pleasure working with the borrower and HTB on this transaction. It’s a great example of what can be achieved when experience, trust and teamwork come together. Deals like this don’t happen by accident; they require conviction, collaboration and sharp execution. We’re thrilled with the outcome.

Tim Mycock, our Lending Director, added:

We were pleased to support this facility and work with an established institutional investor on a scheme with strong fundamentals. The transaction required a structured approach and confidence in the borrower’s sales strategy. With an existing relationship in place and a clear understanding of the asset, we were able to move efficiently and deliver a facility that supported the next stage. Completing the facility within four weeks of offer reflected the strength of the borrower’s strategy and the way both sides approached the deal.

Neil Leitch, Managing Director of Development Finance, commented:

This was a good example of the kind of structured, real-world funding we are increasingly being asked to provide. Supporting unit-by-unit disposals within a mature retirement living scheme takes more than just underwriting the asset. It requires a deep understanding of layered ownership, varied sales trajectories and borrower strategy. As demand for later-living schemes continues to grow, lenders need to provide pragmatic, well-structured funding that supports both long-term investment plans and the practical realities of these communities. We were pleased to support this deal and look forward to building on the relationship.

We’re also working with the borrower on a further facility for a central London residential scheme.

This deal was managed by Tim Mycock, Beth Rungay and our development finance team, with support from Lucas Cutts and our credit and CQA teams. The transaction was introduced by Adam Brews at Vandermolen Real Estate.

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