Residential

Refurbishment of 8 townhouses in Birmingham

12-month facility to support the purchase and refurbishment of 8 townhouses and provide 44 beds. 

We have provided a £4.92 million gross loan facility to fund the purchase and refurbishment of 8 townhouses in Edgbaston, Birmingham.                   

The properties, comprising 36 self-contained one-bed flats and eight HMO beds need modernisation.  Whilst currently tenanted, our Borrower will vacate each property and fully refurbish each unit, providing high specification finishes throughout, thus maximising market rents. 

The project will enhance the functionality and appeal of the existing townhouses whilst maintaining the historical character of the Victorian buildings.  

Gross Loan

£4.92m

Term

12 months

LTV

66%

Units Created

36 x 1 beds and 1 x 8 bed HMO

Exit Method

Refinance

"We are delighted to be funding our third project with this well established and respected Birmingham based developer. The scheme will provide a portfolio of Victorian properties, refurbished to an excellent specification, providing much needed quality rental accommodation to the Birmingham market."

Rav Kudhail

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