At the end of 2021, an experienced property developer approached MSP Capital looking to transform an unused gym in Uxbridge, London into two new apartments.

The vacant commercial unit is part of a seven-storey building, of which the upper floors are also in residential use.

After planning permission for the conversion was received, a short-term loan was required to cover both the purchase and building costs.

With a project timeline of only nine months, our funding solution needed to be tailored to the client and delivered swiftly. We decided that a Heavy Refurbishment Development Loan was the best option.

Using our streamlined onboarding process, we were able to turn the loan around so that the first drawdown was available 10 days before our original agreed date.

Additionally, due to the low LTV of this loan, our in-house experts were able to offer the added flexibility of not needing an Interim Monitoring Surveyor on the basis that certain criteria was met.

As with all our enquiries, we took the time to listen to our client and worked alongside them so that they could seamlessly press on with their project.

Heavy Refurbishment Development Loan

Product Summary