Refurb Bridge

HMO Conversion in East Sussex

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What Our Borrower Needed

The borrower required a bridging loan to purchase the property . She has plans to convert the existing  5-bed HMO into a higher spec 6-bed HMO.

How We Helped

At first glance, this was a simple loan for Think as HMO conversions are something we do very often. The borrower required the funds to transform the property into a higher spec 6-bed HMO, while also retaining the retail unit downstairs, ultimately obtaining solid rental income. Works have progressed significantly well with our borrower now looking for their exit. As a flexible lender, we leave the exit up to our borrower, supporting them in their decisions and recommending financial advisors if need be.  As you can see our borrower has done a cracking job, and the  transformation is unrecognizable.

They were so quick and proactive with the legals and they helped us to get over the line in time. I could not recommend Think more highly.
R.L, Developer

* Working days from offer to completion