Completed!
We recently arranged a bridging loan for a client who already owned a 4-bed HMO and was looking to intensify the asset to a 7-bed, following successful planning approval.
The project is a heavy refurbishment, comprising:
• Full internal refurbishment
• Reconfiguration of the existing layout
• Rear extension
• Loft conversion
To facilitate this, we structured a bridging facility to take out the existing lender and provide a build facility with a new lender. This allows the client to proceed with the works immediately, with the flexibility required for a project of this scale.
With planning secured and funding in place, the client is now well-positioned to deliver a higher-yielding asset through increased unit numbers and improved layout.
A strong example of how bridging finance can support asset repositioning and intensification strategies.
If you’re exploring a similar project, feel free to get in touch.
