Permitted Development

Returning developer converting redundant office block into desirable homes

Reinvigorating a former office block into residential properties, perfectly located for commuters.

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We provided finance to execute a permitted development opportunity and at the same time adding two new floors. Our In-house surveying team worked closely with the developers team to get this complex transaction completed and work underway.

Gross Loan

£13.4m

Term

24 months

LTV

68%

Units Created

68

Exit Method

Refinance

This is the second time we've worked with this developer on an office to residential conversion, and an opportunity for the developer to continue to grow their build-to-let portfolio.

- Peter Messenger

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