We recently completed a £1.1 million refurbishment loan for a property in Harrow. The purpose of the loan is to assist with the purchase of the property and to provide 100% of the development costs for either a six-flat scheme or an eleven-bedroom HMO with one 1-bed flat. The exit strategy for the gross loan will be through refinancing on to term debt, as the borrower plans to retain the property in their portfolio.

This was a complex transaction, and one that suited our expertise.