East London £840k

Gross Loan

840,000

Loan Type

Refurbishment

Term

12 Months

LTGDV/LTV

69.9%

Annual Rate

0.58%

Monthly Rate

7%

We recently completed an £840,000 refurbishment loan for an office-to-residential conversion in Hackney, East London.

The borrower has acquired two adjacent offices on the second floor of a mixed-use building and has obtained planning permission to convert these units from commercial use to residential. This area has witnessed a growing trend in such projects, and the finished units are expected to be in high demand.

The plan is to transform these spaces into two self-contained flats: one with one bedroom and the other with two bedrooms.

Avamore assisted the borrower with a refurbishment loan that enabled the project to commence. We look forward to seeing the transformation.

YOU MAY ALSO LIKE TO VIEW

Refurbishment
Refurbishment
Bridging