Transformation of existing office building into apartments in Birmingham
Conversion of an existing office building into 15 new apartments.
This 18-month facility follows on from the existing bridge loan, which was used to acquire the site. This conversion will deliver 15 new high-specification apartments to Birmingham City Centre. The site is very well located, with excellent proximity to transport links, being less than half a mile from Birmingham New Street Station and just a three-minute walk to Snow Hill Station.
Gross Loan
£4.7m
Term
18 months
LTV
70%
Units Created
15
Exit Method
Sales
"Having supported this experienced developer on the bridge facility last year, we’re pleased to have partnered with them again for the conversion of the existing building bringing fifteen high-end apartments to Birmingham’s Colmore Business District."
- Rav Kudhail, Lending Manager
Do you have projects to discuss? Learn more about our Permitted Development Solutions
Explore Solutions
