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Financing refurbishment and conversions

Refurbishment Finance

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 a successful protect and again this could be via a sale or refinance with another lender. See some recent case studies.

Key Highlights

  • We provide fast decisions suitable for auction finance.
  • We price on risk, with monthly rates starting at 1%.
  • Terms are available up to 12 months, though occasionally longer.
  • Loan size between £50k and £2m.
  • We usually look to a maximum outstanding loan and interest at 70% of the gross development value. Some flexibility can be provided on a case by case basis.
  • We can roll up interest to the end of the term to facilitate cashflow.
  • We require a first legal charge on the property.
  • Clear exit plan to be determined at the outset.
  • Transparency on all fees guaranteed.
  • No early repayment fees.
  • We provide unregulated bridging finance and so we are unable to arrange bridging finance on properties in which the borrower, or members of their immediate family, have lived or intend to live in.

If you or your client has a development project which you would like to discuss, please get in touch using the form below or otherwise contact us on 01942 295 982.

Contact Us

Quick enquiry

Whether you’re an experienced introducer after a rapid response, or a developer considering your first project please give us a call or complete our online enquiry.

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Or via phone or email on

01942 295 982
Visit Seneca Partners Website