Conversion to Flats in Bristol
Our borrower required a fast loan to purchase a semi-commercial unit in Bristol to convert into 3 flats. They needed to complete within a week!
On top of this, the borrower required £250k to purchase and start the development work, or nearly 150% of the property value. To make this loan work for both the borrower and Think, they were able to provide 2 other properties as securities in the loan. This brought our LTV below 60% which enabled us to do the loan quickly.