Finance to Develop Flats Above Restaurant In Tooting London

Area
London
Capital Raised
£700K

The Scenario

The client owned a restaurant worth £2M in Tooting London, which had two flats situated above the business. The client wanted to utilise the space above his property and develop his two flats into six separate flats, however he had neither the planning permission nor the finance to fund his development ideas.

The client was unable to secure the finance he needed after approaching a number of traditional lenders. The client contacted Clifton Private Finance to explore his options.

The Solution

Through our extensive contacts, we were able to secure £150K for the client to obtain the planning permission he needed. Once the client received the planning permission he required, we were able to source development finance for another £550K to cover the client’s development costs.

To minimise the effect of interest, we arranged for the finance to be released in two stages; first to provide the funding necessary to secure planning permission and the second to cover the development costs after the client had obtained planning permission.

As a result of our bespoke financial solution, the client was able to develop his two flats into six and enabled him to achieve a much higher rental yield from his properties.

Jack Spillane

Finance Broker

Bristol

0117 959 5094

Is your situation similar to this? I specialise in helping clients who need creative development finance solutions, and second-charge mortgages. Give me a call any time and we can set up a detailed discussion of the finance you need.

Mathew Phillips

Finance Broker

Bristol

0117 959 5094

Are you in a similar situation? I specialise in bridging finance at Clifton Private Finance - I will find you the best funding solution for your property transaction.

Alex Chambers

Senior Finance Broker

Bristol

0117 403 4324

Are you in a similar situation? I am a specialist in residential and investment property finance for UK and international clients at Clifton Private Finance. Please don't hesitate to get in touch for a no-cost discussion of the finance you need.

Luther Yeates

Senior Finance Broker

Bristol

0117 244 5561

Are you looking for a similar type of property finance? I have extensive experience finding residential and investment property finance for UK and international clients. Please get in touch and we can arrange a time that's convenient for you to discuss your situation.

Sam ONeill

Senior Finance Broker

Bristol

0117 959 5094

Is your situation similar? I am a bridging finance specialist at Clifton. I can find a quick, cost-effective solution for the funding you're looking for.

Robert Gibb

Senior Finance Broker

Bristol

0117 959 5094

Are you looking for mortgage or short-term finance for residential or buy-to-let property (including HMOs)? I have extensive experience in finding property finance solutions for UK and international clients, both as individuals and limited companies. Please give me a call and let me see what I can do for you.

Adam Arnott

Associate Director

Bristol

0117 205 0214

Is your situation similar to this? I have extensive experience of advising clients who need creative property finance solutions. Please get in touch and we can arrange a time that suits you for a detailed discussion of your requirements.

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