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London Office to HMO Development
Secured development finance for converting a London office building into a 12-bedroom HMO.
Key Metrics
£980,000
Loan Amount
6.2%
Interest Rate
4 weeks
Time to Complete
12
Bedrooms
70%
LTV
London
Location
£980,000
Loan Amount
6.2%
Interest Rate
4 weeks
Time to Complete
12
Bedrooms
70%
LTV
London
Location
The Challenge
The project required planning permission for change of use and significant structural work. Development finance was needed for both purchase and construction phases.
Our Solution
We arranged specialist development finance with staged funding releases. The lender provided pre-approved exit finance to long-term HMO mortgage upon completion.
Testimonial
"The development finance package made this complex project viable. Having the exit strategy pre-approved gave us confidence throughout the build."
MW
Marcus Williams
Property Developer