Full refurbishment, Porchester
Experienced property developers are purchasing a three bed end of terrace house to refurbish and extend before selling.
Amount Funded:
£504k
PRoduct type:
Refurbishment Bridging
Term:
12 months
property:
End of terrace house
exit:
Sale
Complete makeover...
The borrowers are purchasing this three-bed end-of-terrace house with a conservatory, rear garden and off-street parking. The house is on a quiet cul-de-sac in central Porchester that's local to shops and transport links. The properties will be sold once they complete the internal refurbishment works.
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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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