Borehamwood
Commercial income producing retail and vacant offices in Borehamwood
Area | Borehamwood |
Value | £770,000.00 |
Amount | £539,000.00 |
LTV | 70% |
Loan Term | 12 Months |
This property which comprises two retail let units on the ground floor and vacant offices on the uppers have asset management potential to convert the uppers into residential flats under the permitted development scheme. We agreed to lend the amount of £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.