North West Refurbishment Loan - Case Study: £209,000 (12 months)

CHALLENGE

• The property comprises of a four bedroom semi-detached house which was built in the very early 1900’s
• The building had a tired and dated appearance, with full refurbishment and upgrading works required
• It featured a good sized family home with rear garden and off road parking, with excellent demand for owner occupiers
• A refurbishment loan was provided for the purchase and refurbishment of the property

APPROACH

• The borrowers were experienced developers who had previously sourced properties for conversion to HMOs, initially for clients, then also for themselves
• Our experienced asset manager was continuously on hand to offer critical advice and add value from the outset

RESULT

• The refurbishment was completed to the agreed schedule and to an extremely high standard
• Further new loan facilities have been completed with this borrower and Mint Bridging, ultimately forming a great business relationship