Specialists in short term lending, refurbishment & development finance
0330 118 4444
Call Us Today
Specialists in short term lending, refurbishment & development finance
0330 118 4444
Call Us Today
Refurbishment Finance
£25,000 – £100 million – 1 to 18 months
This is an ideal product for property professionals such as property developers, landlords and architects, who have the experience in delivering refurbishment projects for existing properties, or identifying new project opportunities. This product adds gross development value to the project, thereby maximising profits for the developer.
Property refurbishment finance can typically range from light to heavy refurbishment. This is funded by a short term loan.
Examples of this are:
– Changing the use of a property from a single residence to individual flats.
– Extending the size of a property to add significant value to it.
– Conversions and internal redesigns, such as an outbuilding conversion or adding another floor
Light Refurbishment
No planning permission or change of use needed for this product. Eligible works: -
Heavy Refurbishment
Planning permission or change of use are suitable for this product. Eligible works: -
• Client wanted to purchase a distressed property in Cold Harbour Lane, Peckham, London
• It was a shop front with a flat above
• Client was advised by Focus Commercial to purchase the whole building freehold with a leasehold ground floor flat, and refurbish the flat to high standard which would gain capital growth and passive income growth
• Client also wanted to extend the 1st floor with a loft extension to add another flat to the property
• Client approached Focus Commercial due to its expert understanding of purchase and refurbishment planning and costing, and the speed and customer focus of its business practice
• Focus Commercial was able to secure terms within 2 hours for a 75% LTV purchase and 100% development costs, as well as sourcing the financial exit when GDV was achieved in the 6 month timescale for the build
Accredited By:
