The lack of planning permission required us to take a holistic view of the project. By scoping out similar conversion projects on the same road and confirming the property's strength as a commercial asset, we were able to deliver a competitive 12 month solution.
The client was in need of a bridging loan to purchase a vacant office in London while planning permission was secured to convert it into a residential dwelling.
The borrower was extremely communicative throughout the underwriting process, which really suits our hands-on, bespoke way of working. It made for a really swift completion and allowed us to execute the loan without delay.