85-year-old self-developed residential & commercial. £196k

After her divorce Sally found herself with a property that had 1 commercial client and bags of potential. After obtaining planning permission to extend the commercial shop, add 2 residential flats and convert the garage into a separate dwelling for her to live in she needed to find a solution to fund it.

Worried about her age after her bank declined to help. Introduced to Aura by a friend Aura managed to provide an initial working development loan. Which allows for the work to be completed, the main building then will be put up for sale which then repays the development loan.

Finally, the garage will be converted to a house allowing Sally to live mortgage free.

Funded: £196,000
Sector: Property
Funds For: Residential and commercial property development
Timeframe: 12 months

No matter how difficult or complex your funding requirements may seem, we would love to talk and establish if we can help. A fresh pair of eyes can make all the difference.

We have a range of over 200 lenders in our financial toolbox, in most cases we can achieve a result. If we can’t, we will not waste your time. Contact an Aura Finance specialist today.

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