Renovation Finance for Vacant Pub

We were delighted to achieve 100% funding to finance our client’s first refurbishment – a redundant pub next to a supermarket which they were converting it to a retail unit. We obtained a valuation at a level substantially higher than the purchase price and we were able to satisfy the lender that the reason for the discount to valuation was genuine. Key then obtained 100% bridging finance over 12 months to allow time for the conversion and tenants to be acquired.