Extensive Refurbishment of a Residential Flat

Property Type: Residential flat

LOAN AMOUNT

£1m+

LTV

75%

Location

West Hampstead, NW6

The Scenario

A seasoned developer with a large portfolio was looking to refinance an outstanding bridging loan and also seeking a  refurbishment facility. The borrowers had achieved planning to redevelop the flat into a large family unit including adding a rear extension and landscaping.

The existing lender was not able to provide the facility for cost of works nor provide an extension to the borrowers. Inflow intimately understood the project by liaising with borrowers, their brokers, the project architects and our surveyors. The solution provided competitive refurbishment terms with a 100% cost of works facility.

Key Highlights

  • Inflow were able to provide a large loan with built in flexibility and offer a suitable refurbishment product
  • 100% Cost of Works
  • A key understanding of the development, location and the intended finish of the project to reflect the GDV potential.