We are able to fund the improvements and the conversion of the property in addition to bridging the original acquisition. The main objective of funding the refurbishment or conversion is to support property developers in creating and realising greater value on their property investments.
In the context of commercial projects, in particular, any existing or future leases exchanged on the property is a relevant factor as is the borrower’s level of experience in renovating or converting properties of a similar size and complexity. A clear and viable exit is essential to determine at the outset and again this could be via a sale or refinance with another lender. See some recent case studies.