Extensive Refurbishment of a Residential Flat

Location: West Hampstead, NW6

Property Type: Residential flat

LOAN AMOUNT

£1m+

LTV

75%

The Scenario

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

The existing lender would not provide a facility for the cost of the works or extend the loan to the borrowers. Inflow intimately understood the project by liaising with the 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 was able to provide a large loan with built-in flexibility and offer a suitable refurbishment product
  • 100% Cost of Works
  • A vital understanding of the project’s development, location, and intended finish was needed to reflect the GDV potential.