Case Study: Smethwick,
Birmingham
Project Completed: November 2019
This week’s featured property is a fantastic, modern
HMO conversion.
We love to give our new clients a brilliant Mint Bridging experience and this development was no exception. While we were working with
very experienced developers, the client’s ambitious plans made the most of our
team’s skills and knowledge This helped take their property from a four to six
bedroom, plus full refurbishment in just three short months.
A loan of £197,500 secured on a first charge over a
9-month term was completed within 16 working days, from underwriting to offer.
With a day one release of 50% of the total facility, the developer was able to
purchase the property without any hold-ups.
Through underwriting to valuation, portfolio management to completion, Mint Bridging has been by the developers side every step of
the way. The project completed on schedule and is now ready to let.
Left images per screenshot show before, right images show after:
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