14/10/2026
We backed an experienced developer with a £972k refurbishment facility on a promising commercial-to-resi scheme.
They plan to convert three vacant commercial floors into a 15-unit HMO, while retaining the ground-floor retail unit. Planning was already in place, and the borrower came with a breadth of experience, having delivered 36 schemes of a similar nature.
We delivered this deal at 58% LTV and 59% LTGDV over a 12-month term; six months for the conversion and six months to arrange the exit.
Shout-out to Sally O'Loughlin, Jack Bruce and Sophia Panteli for securing a great outcome for our client 👏
Read more about it here 👇
https://eu1.hubs.ly/H0z4bRw0
Have a similar refurbishment or mixed-use conversion? Reach out to the team or try our Quick Calculator for an indicative view on your case.