Finspace Group

Hotel Conversion Project

Our client, a seasoned developer, purchased a hotel in Blackpool with the intention of converting the property into residential units. When our client was unable to find lenders interested in the North West’s coastal areas and needed a quick and creative solution, he appointed Finspace as a partner.
The developer’s knowledge of the Blackpool property market and desire to meet the area’s housing needs were obvious. As a result, we sought out an innovative development lender and persuaded them to support this transaction.
Our client received the funds to develop the site at a highly competitive interest rate, with their solicitors even liaising with the Local Authority on their behalf.

Location : Blackpool
Loan Amount : £413,000
LTV : 73%
Year: 2020


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