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Property
conversion finance |
We have supported clients with flexible funding
packages for conversions of existing properties.
This can range from residential, commercial,
retail, industrial or offices.
Up to 100% funding considered, development funds
released in arrears, against certification.
Example of our property conversion
finance:-
A client has an opportunity to purchase a run-down
industrial building, which benefits from a planning
consent for a change of use to office accommodation.
The client wishes to purchase the property,
employ a contractor to undertake the necessary
conversion and then occupy 75% of the space
themselves, with the residual space to be rented
out to a third party.
| |
 Purchase
price |
£200,000 |
| |
Development
Costs/ Fees |
£150,000 |
| |
Estimated
end value once fully let |
£1.3
million |
|
The client have only £20k to contribute, however,
their bank have confirmed that against their covenant
and track record, they would be prepared to finance
the newly converted building at 75% loan to value,
which would produce £412,500.
Solution
- We arrange finance to back the client with 90% of
the purchase price and 100% of the development costs
Call us on 0845 130 0009
for more information or click onto 'Call me back'
above
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Great British Finance
Limited are authorised and regulated by the
Financial Services Authority (FSA). The FSA
does not regulate some forms of Mortgage, Inheritance
Tax Planning, Credit Cards, Personal Loans,
Deposit Accounts & Insurance. If you are
submitting an online request, we would advise
to read our KeyFacts statement, links are at
the top and bottom of this page. |
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