From Fitness Centre to Seaview Apartments

The prospect had purchased a former gym in the North East which they had planning permission to convert into a mixed residential/ commercial site of 26,000 sqft.

The prospect required £200,000 very quickly to finish the overall development of the site, the site was 80% complete and the commercial units had been fully completed with 10 leases already in place demonstrating serviceability of interest.

We 2nd charges the site behind the original development finance and also 2nd charged the prospects personal property to give additional security outside the development.

The facility was introduced, site visit completed and into legals within 4 days with completion of the facility from start to finish in 10 days.