An established property developer with a 25-year track record in UK real estate has secured a multi-million-pound financing deal from Cambridge & Counties Bank to both refinance existing debt and expand their portfolio with the acquisition of a luxury wedding and conference venue in Doncaster.
From approval to drawdown, the transaction was completed in less than seven working days, a new record for Cambridge & Counties Bank – underscoring the bank’s bespoke, client-first lending model and ability to fast track funds under certain circumstances.
A customer of Cambridge & Counties Bank for more than 10 years, the property developer and investor has built a successful, diversified portfolio of properties across the residential, commercial, development and leisure sectors. Refinancing for this latest deal was set against an established, historic hotel, also in Doncaster.
Doncaster and the surrounding area is expected to benefit from the reopening of Doncaster Sheffield airport in the next 18 months, with an upswing in demand and traffic expected for a range of local real estate sectors including residential and leisure.
Marco Brice, Senior Manager at Cambridge & Counties Bank said:
"We’re delighted to be once again supporting this long-standing customer as they look to further expand their portfolio of prime assets in the Doncaster area. In particular, we executed this funding facility in record time for the bank, a great testament to the excellent relationship we have with our client, to our team and our dedicated focus on active customer solutions.”