A client had acquired an old office property to develop into two self-contained flats. They purchased the property with their own funds for £95,000 and they needed £70,000 for the conversion, which was valued at £300,000. They were declined by their own bank and other lenders. However, using our in-house finance company YPFL, we were provided the funding plus an additional £10,000 to cover overrun costs.
