Bridging & Refurbishment
£473k
£473k Acquisition & Refurbishment — Buy, Refurbish, Sell
Property Developer
Facility Size
£473k
Transaction Type
Bridging & Refurbishment
Client Type
Property Developer
Sector
Property Finance
Structure
We structured a 12-month facility with separate acquisition and refurbishment tranches — £306,000 towards the...
Outcome
The lender approved the facility, enabling the client to proceed with the acquisition and the...
01
Client Situation
An experienced London builder and property developer identified a buy-refurbish-sell opportunity in South West London: acquiring a two-bedroom property and converting it to three bedrooms under Permitted Development rights before selling on.
02
The Challenge
The project needed both acquisition and refurbishment funding within one coherent facility, sized correctly against the purchase and the works, with a term and cost that suited a short, active project.
03
Lender Considerations
A buy-refurbish facility depends on the purchase loan-to-value, the credibility of the refurbishment budget and programme, the exit through sale, and the borrower's track record in delivering similar projects.
04
Structure Used
We structured a 12-month facility with separate acquisition and refurbishment tranches — £306,000 towards the £473,000 acquisition at 65%, plus £117,000 for the refurbishment — at 0.77% variable interest per month with no exit fee.
05
Outcome
The lender approved the facility, enabling the client to proceed with the acquisition and the planned conversion, with a clear exit through the onward sale.
06
Key Lessons
Acquisition and refurbishment can sit within a single, well-structured facility.
A credible refurbishment budget and programme are central to a lender's decision.
A clear exit — here, the onward sale — underpins any short-term development facility.
Client details have been anonymised. Figures and rates describe a completed transaction at the time and are not indicative of current terms. All finance is subject to status, lender criteria and individual circumstances. Past outcomes do not guarantee future results.
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