If you are looking to convert a house or building into flats, not having the required funding can make an already challenging project into an almost impossible one. It could even stop the entire project from happening.
Securing the required finance for the property conversion will put you in a much more tenable position to complete the project as desired.
Finance can be acquired for a variety of property conversion projects:-
- Convert an old large building into flats
- Turning a retail site or ex-public house into a residential property
- Expanding an existing property such as an existing residential home, into a hotel
- Adding additional buildings to an existing property
This type of funding is similar to a bridging loan, in as much as it is a short term loan, with lenders expecting the funds to be repaid upon completion or sale of the project, or when it has been refinanced.
Here at Interfinancial, we will help you to secure the funding solution that you require as quickly and hassle free as possible. We can help you to find funding from £15,000 to £10 million, whether that be for a single or multiple properties.
You will usually be able to borrow up to 70% of the value of the land, along with 100% of the build costs.
How soon do you require the loan?
What is your exit strategy? (What are your plans for repaying the loan)
Do you want a secured or unsecured loan? (Do you have anything you could use as security or collateral?)
Do you have a good or bad credit rating?
For more information…
To find out more about how our short term finance solutions could work for you, request a call back using the form on this page. There is no obligation, and you will find our friendly operators willing to help you in every way.