£180k loan secured for property development to turn an office into a 3-bed house in Croydon
We've helped arrange property development financing for the construction of a new residential property.
Realising a development investment opportunity in Croydon, a burgeoning south London neighbourhood which is London Borough of Culture in 2023, our clients required £180,000 to turn an office building into a 3-bed house.
Development financing was the most cost-effective loan solution, with the funds required over 12-24 months. The funding is set to be paid out in tranches as the build progresses, with the new property estimated to be valued at £450,000.