Former Industrial Site changed to mixed-use Business and Residential

£975k facility for purchasing a purpose-built industrial site in Penistone, to be converted into a mixed-use business park and residential village.

The Client was looking for a quick purchase off-market on an Industrial property.

I needed to act quickly as the property was going on the market in 2 weeks.

Momentum provided a £975k facility at 70% LTV of the purchase price - no valuation required.

Momentum provided the facility at 1% interest per month - providing some of our cheapest rates.

Planning permission has been submitted to convert to a business park, local sports centre and residential village.

The deal was completed within two weeks, saving the Client a bidding war on the property.