Client situation.
We were introduced to a client who needed funds for the purchase of a 3-bedroom semi-detached house and heavy refurbishment plans. They intended to convert the property into multiple self-contained units: a 3-bedroom flat, a 2-bedroom flat, and a studio. This combination made for a project that required substantial funding and trust that the successful completion of the project would add significant value. As traditional lending wasn’t an option, the introducing broker knew Lakeshield would be able to provide the finance needed for this project.
Our solution.
We assessed the client’s detailed conversion plan and structured a bridging facility of £803,082 at 68.4% LTGDV, which included £379,664 for the acquisition and £423,418 for the conversion works. Our assessment included reviewing the conversion plans, planning permissions, and working with experienced valuation partners to determine the projected end values of the individual units. We structured terms that supported both the purchase and the subsequent conversion works, providing certainty throughout the project timeline.
Result.
Completion was achieved in 51 days, enabling the client to commence the conversion works without delay. The comprehensive facility structure meant the client could execute their investment strategy efficiently, transforming the property into three separate units and unlocking significant additional value. The successful conversion demonstrated how specialized bridging finance can support complex residential projects that require both acquisition and development funding within a single facility structure.
Complex conversion projects require comprehensive financing solutions. We structure facilities to support entire project lifecycles.