London Skyline

Office Block to Residential

The client purchased an office building with sitting tenants back in 2013 with a view at a later date to get full planning to convert into residential units. Once planning came through, the client orginally obtained funding from a high street bank but then had issues about getting the necessary drawdowns he required. The client approached Finspace and we managed to arrange the flexible funding the client needed which as a result made sure our client retained the specialist contractors on site

Location: South East London
Loan Amount: £2,100,000
LTGDV: 49%
Year: