Ground up development, Warrington
Land with plans for four house development.
Amount Funded:
£630k
PRoduct type:
Refurbishment Bridging
Term:
12 months
property:
Land
exit:
Sale
The borrowers are existing property developers who have a long history of developing and selling assets. They have their own portfolio. They are using the funds to purchase the site, complete internal works and finalise a ground-up development of four homes; three-bed semi-detached properties. The works are planned to be completed no later than March 2026.
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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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