Residential conversion of a former bank branch
Development of local landmark creating 46 new homes in the city of Hull.
We have provided a £4.8m facility over 21 months to transform an existing vacant bank branch into 46 new homes. This development will create a range of studios, 1 and 2 bedroom properties in one of the largest cities in Yorkshire and is centrally located, within walking distance of Hull train station and a range of amenities.
Gross Loan
£4.8m
Term
21 months
LTV
70%
Units Created
46
Exit Method
Sales
"We were pleased to finance this scheme, adjacent to a £96m regeneration development by Hull City Council. A regional developer and a local contractor with specialist conversion experience will be working together to create 46 much needed new homes, 75% of which have been already sold off-plan."
- George Seabrook, Lending Manager
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