As the landscape of work changes, we’re seeing more and more office blocks be converted into either fully residential assets or part-commercial, part-residential. When a local residential property development company contacted us with their opportunity to fund the transformation of their offices to apartments we knew we wanted to assist if we could.
Permitted development loans are always an exciting proposition to us as each one is completely unique in its needs.
Our experience was called upon and delivered in full
As with many conversions, there were multiple planning amendments, so our approach had to be adaptive throughout the term. Our team merged with theirs to achieve this.
Our property know-how really shone in this project as there are multiple considerations when converting a former office space into residential property and understanding the challenges to be navigated saved a tremendous amount of time and stress for our client.
We tailored a permitted development loan for 65% LTV enabling them to move forwards with their vision to create 16 apartments in the highly sought-after Westbourne location.
“We’ve worked alongside this client on a number of projects and trust them to deliver a high-quality build. It was our pleasure to reduce stress and power this project forwards into fruition.”
Lee Merrifield at MSP Capital
“We have been dealing with MSP for many years. First and foremost, they understand the property market and use their knowledge to design financial solutions. Their sole goal is to design something that works for us, the client. We really appreciate their supportive nature which continues long after the initial funds are provided.”