Care home conversion, St Annes
Black & White Bridging provided finance for the redevelopment of a former care home in St Annes.
The project, led by an experienced team, involved the conversion of the property into nine high-quality flats located on the seafront of this popular UK tourist destination — an ideal setup for a sale-led exit.
Amount Funded:
£563k
PRoduct type:
Commercial Bridging
Term:
12 months
property:
Care Home Conversion – 9 Flats
exit:
Refinance
Converting a care home into prime seafront flats
The borrower required funding to convert a former care home into nine residential units. With the property located in a sought-after coastal area, the project was designed to deliver strong demand from both buyers and investors. Black & White Bridging worked efficiently to provide the right facility to enable progress without delay.
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Adapting quickly to project changes
Although the deal initially appeared straightforward, unforeseen complexities arose mid-transaction. Our team responded swiftly and maintained open communication throughout to ensure completion on the original target date.
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Experience That Delivers
By maintaining a flexible, professional approach, the team helped ensure a smooth close. Both broker and borrower praised the handling of the deal and the consistent quality of communication.
Professionalism under pressure
“Another deal completed with the ever-professional Black & White Bridging. What looked like a simple transaction turned into anything but, yet they handled it flawlessly. So happy client, happy broker — well done guys, five stars.” — Chris Ashton, Smart Development Finance
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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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