Refurbishment Loans

The perfect solution for smaller refurbishment projects.

Our commercial refurbishment loans offer short-term solutions for experienced property investors, landlords and developers looking to upgrade commercial property before renting it out.

Lending criteria

Experienced property investors who are able to demonstrate that Interest costs can be covered during the period of the loan.
Maximum term 9 months.
Loans from £150k to £2m.
Personal guarantees required from business owners/directors.
Maximum LTV is 65% of the initial purchase price and 65% of the refurbishment costs.
Maximum LTV 65% based on the purchase price or Vacant Possession valuation at commencement, plus a maximum of 70% of the Gross Development Value
Secured by way of a first legal charge on a UK located property (excluding Northern Ireland).
Borrowers must be UK registered company, Limited Liability Partnership or be using personal names.
PLEASE NOTE: This product is not available for a project that includes any element of new build works to the property i.e. extensions or additional floors.

Key features

Interest roll-up options available
9 month term
Dual representation available to reduce draw down times

Key Features

Interest roll-up options available
9 month term
Dual representation available to reduce draw down times

Why choose us?

At Cambridge & Counties Bank we know that investment opportunities don’t always fit with a long term committed loan structure. A short term solution can allow you to secure a property before using your expertise to enhance its value. Our experienced front line and manual underwriting teams have a wide knowledge of the sector so they understand the potential that refurbished properties can offer. We are able to provide a fast and reliable solution which is crucial to ensure that transactions such as these work fast and work well.

Useful information