Overview
Transformed a disused Victorian warehouse into 12 luxury apartments. We secured development finance with 85% LTC and staged drawdowns aligned to the build programme.
The Challenge
The client needed funding for a complex conversion project with listed building considerations. Traditional lenders were hesitant due to the heritage constraints.
Our Solution
We approached specialist development lenders familiar with heritage projects and secured competitive terms with flexible drawdown arrangements.
The Result
All 12 units sold off-plan before completion, generating a 25% profit on GDV for our client.
Deal Summary
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