BRIDGE & DEVELOPMENT FINANCE — COMMERCIAL RENOVATION

The Situation: A property developer sought to acquire and fully renovate a worn commercial premises, with the intention of letting it to a legal practice on a long-term lease.
The Complexity: The property’s condition ruled out conventional commercial lending entirely, and the dual requirement — acquisition funding plus renovation capital — needed to be solved simultaneously.
The Approach: A bridging loan was secured at 75% LTV to fund the purchase, combined with a development finance facility to cover the full refurbishment. Exit strategy was planned from day one.
The Result: Complete renovation delivered, long-term lease secured at a yield exceeding 12%, and a clean refinance onto a term loan at completion.