Residential Conversion, Bristol
Black & White Bridging supported a new borrower with a time-sensitive property purchase near Redland, Bristol.
The property was mid-refurbishment and being converted from a single residential unit into three spacious apartments, including a rear plot for future development potential.
Amount Funded:
£787k
PRoduct type:
Residential Bridging
Term:
9 months
property:
Conversion of Single Dwelling into 3 Apartments
exit:
Refinance to Development Finance
Fast funding for a complex residential conversion
The borrower required urgent funding to complete the purchase of a partially refurbished property in Redland. Originally one unit, it's being converted into three apartments: a five-bed maisonette, a three-bed flat and another three-bed maisonette, with an additional plot to the rear of the property. The loan was completed in just 15 days, demonstrating Black & White Bridging’s ability to deliver rapid completions through clear communication and efficient processes.
Delivering Speed Without Compromise
With a tight deadline and a partially complete asset, the team prioritised speed and transparency to ensure the borrower could proceed with confidence.
A Bridge to development success
This project illustrates how bridging finance can provide the vital link between acquisition and full development funding. Once initial works are completed, the borrower will refinance onto a development facility.
Quick, collaborative, and transparent
This case reflects how effective communication and a proactive approach enable Black & White Bridging to deliver results under pressure. By aligning with the borrower’s timeline and funding needs, the team ensured a smooth transaction and a strong foundation for project completion.
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Amount funded
£1.6m
PRoduct type:
Commercial Bridging
term
7 months
property:
Commercial office
exit:
Refinance
Commercial Bridging
The funding supported the acquisition of a strategically located semi-commercial asset in Birmingham, giving the borrower the flexibility and speed required to purchase the property prior to setting up development finance to undertake the proposed conversion works. The borrower plans to transform a former office building into a high-quality residential block of flats comprising 75 apartments, including 42 x 1-bedroom and 33 x 2-bedroom units. Full planning permission has already been obtained before completion, enabling the borrower to move forward with the next phase of the project.
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