Property conversion into Luxury apartments £1m

The client is an experienced property developer whose latest project was the conversion of a stunning, historic, listed building into eight luxury apartments.

The client had self- funded the project to around 40% completion. However, the client had sold 5 of the apartments off-plan and was therefore keen to complete the build as soon as possible to complete the sales and realise a strong return.

Therefore, to speed up the completion of the project, the client required funding. The lenders funding is speedy, streamlined, and easy to draw further funds when needed.

The lender provided funding of £1,053,050 in four drawdowns with further tranches provided in line with the client’s schedule of works.

The lender concerned did not need a Quantity Surveyor and had a unique Development Finance product.

Funded: £1,053,050
Property Type: Listed Building
Funds For: Development
Timeframe: 4 Stages

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.

Feel free to call on 0161 843 5467, hit the chat button or complete the BUSINESS ENQUIRY FORM, or the PERSONAL ENQUIRY FORM.

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