The brief

Our solution

Underwriter quote

We provided the client with a 12 month loan term, ensuring that they had the time necessary to secure planning and exit onto a development loan. Despite the complexities of the case - notably the vacant commercial nature of the property and the absence of planning permission - we delivered 60% LTV at a rate of 0.79% per month. 

The borrower needed funds to purchase a dilapidated 2-storey vacant commercial office unit, with the aim of  securing planning to convert the office into six modern flats. 

Being an effective underwriter means considering each project holistically. It would be easy to look at the vacant commercial aspect of this asset and dismiss it outright. We, however, saw potential in the borrower's vision and worked hard to turn it into a reality. 

£258,000

60% LTV

0.79%  PER MONTH

Commercial case study CASE STUDY

PURCHASE: COMMERCIAL OFFICE UNIT

Funding 365 Limited is registered in England & Wales / Registered address: 20-22 Wenlock Road, London, N1 7GU / Company Number: 8488034.

Funding 365 Limited is not regulated by the Financial Conduct Authority or under the Financial Services & Markets Act (FSMA). All loans provided by Funding 365 Limited are non-regulated mortgage contracts, defined under Article 61(3) of the FCA Regulated Activities Order or non-regulated contracts under the Consumer Credit Act. Your property may be at risk if you do not keep up repayments on any mortgage or loan secured on it.

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