United Trust Bank (UTB) has combined its property development and structured property solutions divisions to create a new real estate finance division.
The combined division will provide a broad range of finance solutions spanning acquisition, development, refurbishment, investment, stabilisation and refinancing across residential, commercial and mixed-use property throughout England and Wales.
The new division is led by Adam Bovingdon (pictured), managing director of real estate finance. He will be supported by Orla Costello who will lead property development across London and the South East, Andy Thomson, who will lead the living sectors and property development in the regions, Liam Lawlor, who will head up structured property finance and Ben Peters, who will lead on strategic partnerships.
Bovingdon said: “The way our customers approach development and investment has evolved considerably in recent years. Today’s developers are increasingly operating across multiple sectors, tenures and funding strategies, requiring a lending partner capable of supporting them throughout the entire property lifecycle and across a variety of project types. Bringing together our property development and structured property finance divisions enables us to do exactly that.
“This is an exciting new chapter for UTB. We’ve combined two exceptional teams with complementary skills, deep sector expertise and a shared commitment to relationship banking. For our customers and broker partners it means broader expertise, greater flexibility and more seamless experience.
“We remain committed to supporting developers and investors through changing market conditions and helping them capitalise on opportunities wherever they arise. We’re looking to the future with great confidence and are excited to continue to grow alongside our customers.”
