We provided a £2m bridging loan to refinance a Cheshire pub conversion

The borrower, an experienced property developer and landlord who also works as an IT consultant, had already undertaken the extensive conversion of the former pub into a premium residential property. With the main dwelling complete and occupied by a tenant, the borrower required funding to repay existing debt and complete the refurbishment, including a separate annexe, allowing the entire property to operate as a deluxe holiday let. With tight completion deadlines and the need to restructure existing borrowing while releasing additional capital, the transaction required a quick and bespoke underwriting approach. Working closely with the broker and their borrower, Relationship Director Matt Yates tailored a £2m facility to refinance the existing debt and provide the capital needed to complete the remaining works, ensuring the development could continue without interruption.