Residential
Conversion of a former office block into 49 residential apartments
21-month development loan to convert a disused office block into an impressive residential scheme.
We have provided a £10.7m development loan to facilitate the acquisition and development of a centrally located office building in Woking. This ambitious venture entails the conversion of the existing structure into an impressive range of 49 residential apartments, comprising 13 studios; 24 one-bedroom flats, and 12 two-bedroom flats. It exemplifies our commitment to financing innovative and transformative development projects.
Gross Loan
£10.7m
Term
21 months
LTV
67%
Units Created
49
Exit Method
Sales
Loan Solutions
We specialise in providing tailored loan solutions for professional residential property developers. We offer choice and value, including variable and fixed rate options up to 70% LTGDV on loans between £3m to £40m. Our team of property professionals are expert in structuring the right finance solutions for your project – whether you have land with planning, are undertaking a permitted development, or are converting an existing building.
Read moreWe work with professional developers of PBSA schemes across the UK, providing customised finance facilities that align with the unique requirements of PBSA development and support build programmes to meet academic intake dates.
Read moreWe specialise in providing lending solutions that can be customised to meet the unique needs and requirements of build-to-rent projects. We offer competitive variable and fixed rate options and terms, which will ensure optimisation of the project's financial performance and return on investment.
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Read moreWe recognise the importance of fast decisions and approvals for short-term financing requirements that will enable you to act quickly. As a specialist lender, our team of lawyers, surveyors, and credit experts can craft custom and transparent lending solutions for property acquisition, planning gain, and developer exit. You also have the benefit of being able to leverage our development finance expertise for longer-term finance requirements.
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