"In this case, the developer’s strong track record and the high-quality tenant line-up stood out, making it clear this was a project worth backing"
- Neil Leitch - Hampshire Trust Bank
Hampshire Trust Bank's latest transaction marks the first case completed under its updated commercial development criteria, which increased the maximum loan-to-GDV ratio to 65%. These changes were introduced to make a wider range of commercial projects eligible for funding, reflecting HTB’s focus on providing tailored solutions to developers.
The borrower, Almscliffe Dhesi, is an experienced Yorkshire and North East-based developer with a strong track record in commercial projects. The deal was introduced to HTB by John Carling, owner of broker Solutions Northern.
The site is anchored by well-known tenants, including Costa Coffee, Greggs, Indigo Sun, Harrison Vets, and Fastned (EV charging). A portion of the site was also sold to McDonald’s, which is constructing its own unit at the entrance. The development strengthens the area’s retail infrastructure, supporting local economic growth.
Neil Leitch, (pictured) Managing Director, Development Finance at HTB, said: “Pre-let commercial cases like this are a little unusual, but that’s where HTB excels. We pride ourselves on our flexibility, working closely with borrowers and brokers to deliver tailored funding solutions that meet the unique needs of their projects.
“In this case, the developer’s strong track record and the high-quality tenant line-up stood out, making it clear this was a project worth backing. The increase to our maximum loan-to-GDV reflects our commitment to adapting our criteria to open up opportunities for developers, whether in residential or commercial spaces.”
Neil Creeney, Director at Almscliffe Dhesi, commented: “This was an unusual case, but HTB’s hands-on approach and flexibility made a huge difference. Their willingness to work closely with us throughout the process has been invaluable. It’s rare to find a lender so willing to understand and accommodate the unique needs of developers.”
John Carling, Owner of Solutions Northern, added: “HTB is doing an outstanding job in development finance, providing funding that genuinely supports both residential and commercial projects. I knew they’d be the right partner for this deal, and they’ve delivered excellent service every step of the way. This level of support is exactly what developers need to bring ambitious projects like this to life.”
