Our client came to us having already bought this property outright in cash, which left their capital tied up and no funds available for the build.
We arranged a facility that did two things at once: released cash back against the acquisition costs, and funded the full conversion into a 6-bed HMO.
That puts the client back in a much more flexible cash position while the build progresses, without having to lean on working capital along the way.
We'll stay in close contact through the project and step back in as it nears completion to arrange the HMO mortgage as the exit — a clear route through from purchase to long-term let.
If you've bought in cash and want to unlock funds for a project, get in touch.
