Borehamwood: Income Producing Retail and Offices
|Loan Term||12 Months|
This property which comprises of two retail units on the ground floor and vacant offices in the uppers has asset management potential by converting the offices to residential flats under the permitted development scheme. We agreed to lend £539,000.00 at 70% of the current valuation and finance the development once planning has successfully been approved. These experienced developers will be refinancing on a buy to let mortgage once the asset has been fully converted.