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Birmingham Hotel to Commercial HMO Conversion
Arranged commercial HMO finance for converting a small Birmingham hotel into a 15-bedroom HMO operation.
Key Metrics
£665,000
Loan Amount
5.6%
Interest Rate
9 weeks
Time to Complete
15
Bedrooms
70%
LTV
Birmingham
Location
£665,000
Loan Amount
5.6%
Interest Rate
9 weeks
Time to Complete
15
Bedrooms
70%
LTV
Birmingham
Location
The Challenge
Converting from hotel use to HMO required understanding of licensing changes and the operational differences between hotel and HMO business models.
Our Solution
We found a commercial lender experienced with hotel conversions who understood the benefits of the existing room layout and facilities.
Testimonial
"The existing hotel layout was perfect for HMO conversion. The lender appreciated this advantage and the finance terms reflected the reduced conversion costs."
PW
Peter Walsh
Commercial HMO Operator
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