Converting commercial space to new homes in Bedfordshire
This conversion saw a mid-century era commercial block transformed into ten affordable homes for rent.
We provided a 12-month, £1 million senior development facility to a seasoned property developer with experience in conversion and refurbishment.
We helped give new purpose to a dated commercial unit, delivering ten self-contained homes for rent to Bedfordshire. These town centre properties serve as ideal rental homes in an area in need of modern, well finished properties.
Gross Loan
£1M
Term
12 Months
LTV
61%
Units Created
10
Exit Method
Refinance
“Our client had agreed to develop the site and lease the apartments to a local housing association for rental. Not only did this assure the exit it also meant new homes for local people.”
- Graham Emmett, Joint Chief Executive Officer
Do you have projects to discuss? Learn more about our Conversion & Refurbishment Solutions
Explore Solutions
