Property Type – Commercial unit Project – Conversion to flats Loan Required – £60,000 Term – 12 months, with ability to pay back after 6 months Interest Payable – 8% per annum Payment Intervals – At end of loan term Borrower Type – Experienced investor / developer Security Availability – 1st charge on property at 130% of loan amount
THE PROJECT The site is currently a small office block and was originally a large house. We will convert this back into flats under PD in the main building.
There is planning for 3 flats
as an extension, however I will change the design of the extension to increase the number of flats to 4 instead of 3 flats and reduce the build costs.