Newbuild Restaurant Conversion Renshaw Street Liverpool
Focus Commercial sourced and arranged funding for the refurbishment and conversion of this former retail unit into a brunch restaurant and coffee shop.
What we did
Our developer client who had already completed an apart hotel next door, saw a commercial opportunity to purchase, convert and refurbish this former retail unit into a bespoke rustic restaurant to serve brunch and coffee for their existing customers, and new customers, in Renshaw Street, Liverpool City Centre.
Focus obtained the funding for the refurbishment and conversion for this project.
Development guidance, expertise and services we provided:
Secured the project site with rapid acquisition, refurbishment, and development exit funding.
Prepared a detailed Development Appraisal to submit to the development lenders.
Confirmed to our returning developer client that the scheme was profitable and fit for funding presented through Focus.
Prepared a detailed Development Credit Paper to submit to the development lenders.
Prepared a detailed Development Appraisal to submit to the development lenders.
Prepared a detailed Development Cashflow Forecast to submit to the development lenders.
Liaised with the client’s architect.
Advised and arranged Structural Defect Warranty Insurance for our client
Project-managed the whole loan process on behalf of our client, dealing with the lender, valuer, lender IMS, lender's solicitors and client solicitors.
Assisted our client with the lender’s IMS (Independent Monitoring Surveyors) requirements.
Advised our client on what was needed for Practical Completion to ensure a smooth refinance for the development exit.
Straight away, both John and his supporting Focus Commercial team wanted the best for us and our business
“The first time we met John from Focus Commercial was at a Commercial and Development finance event which they were only attending just like ourselves and after listening to them advise other brokers on numerous points we knew they were the right brokers for us.
As soon as we brought a development project their way, we could tell from speaking with John and he wanted to be part of our company and team rather than just being our broker.
Straight away, both John and his supporting Focus Commercial team wanted the best for us and our business and showed that throughout the whole part of the financing process even at challenging times they remained ‘focused’ and positive.
When things started to move forward with the development project, we could soon see his knowledge and contacts in the industry were invaluable and because of this it has made our team even stronger.
We have built a successful apart hotel 44 Renshaw Street, (44renshaw.co.uk) a restaurant Hardware (hardwareliverpool.co.uk)
As a developer you can sometimes see through when a broker that’s development finance doing does not fully understand it all but with John his Focus Commercial team, it felt the other way round their knowledge helped develop ours and we already look forward to working with them on the next one.”
Property Investors and Developers and Apart Hotel Operators
Callum & Rachel Scott
C&R Projects Ltd