Residential
Transformation of existing office building into apartments in Birmingham
Conversion of an existing office building into 15 new apartments.
This 18-month facility follows on from the existing bridge loan, which was used to acquire the site. This conversion will deliver 15 new high-specification apartments to Birmingham City Centre. The site is very well located, with excellent proximity to transport links, being less than half a mile from Birmingham New Street Station and just a three-minute walk to Snow Hill Station.
Gross Loan
£4.7m
Term
18 months
LTV
70%
Units Created
15
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.
Read moreWe have extensive experience in providing finance solutions for care home developers and operators. Our facilities are structured to support every stage of your care home development project, from acquisition, development and stabilisation of the asset.
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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