United Trust Bank Provides £35m Stabilisation Loan for £56m Build to Rent Conversion Scheme by Gold Wynn
17 March 2026
United Trust Bank (UTB) Structured Property Finance has completed a £35m structured residential led stabilisation facility for a near-complete build to rent office to residential conversion close to Heathrow Airport.
The £56m scheme, comprising 169 high specification letting apartments and ground floor commercial space, has been completed by international real estate development and investment company Gold Wynn, a family owned and run business with a substantial property portfolio in the USA and around the world.
Whilst nearly complete, all 169 apartments required final sign off and were vacant at the point of lending. However, given the background of the sponsor, the high-quality accommodation offered and the development’s proximity to Heathrow Airport, tenant demand was expected to be strong.
The purpose of the loan, structured by Martin Cameron, Business Development Director in UTB’s Structured Property Finance team, was to refinance Gold Wynn’s existing facility to reduce ongoing finance costs and release equity to be employed in another pipeline development in London.
Deal Summary
- Loan amount: £35m
- GDV: £56m
- Loan type: Refinance and residential led stabilisation facility
- Term: 3-years
Mark Shooter, Director of Gold Wynn Heathrow, commented:
“We were impressed with the way Martin and the UTB team approached and executed this transaction. From the outset, they demonstrated a clear understanding of the scheme, our wider investment strategy, and the importance of delivering a facility that reduced our finance costs while positioning the asset for long-term hold. The process was efficient, collaborative and solutions-driven, and we look forward to building on this relationship in the future.”
Martin Cameron, Business Development Director – Structured Property Finance, United Trust Bank commented:
“We were delighted to assist Gold Wynn with this facility, and it was a pleasure working with Mark and the highly experienced and knowledgeable Gold Wynn team to complete this substantial loan.
“UTB has the appetite and ability to deliver competitive and bespoke funding solutions from £2.5m to £35m catering for a wide variety of residential, commercial and mixed-use scenarios. We enjoy working with experienced real estate investors and providing the funding they need to achieve their objectives, no matter how complex or challenging.”
