Case Study • 1 minute read

New Life for a Grade II Landmark

Location

Oxford

Loan Amount

£1,200,000

LTV

58.8%

Mixed Use

We recently assisted an experienced property developer in acquiring a Grade II listed school and its adjacent land in Oxford. The borrower’s vision for the site includes a sensitive conversion of the existing building into 28 residential apartments, complemented by a new four-story block of 22 units.

The Challenge:

The developer faced a significant challenge: a tight 28-day completion deadline for the acquisition.

Additionally, dealing with a Grade II listed property brings inherent complexities, including compliance with strict heritage regulations and careful planning considerations. Ensuring the developer had the right financial backing in place quickly was critical to keeping the project on track.

The Solution:

Glenhawk arranged fast bridging finance of £1.2 million at 58.8% LTV, enabling the acquisition to complete on time.

The bridging loan was structured with the developer’s development financing as the exit strategy, ensuring a smooth transition to long-term funding for the conversion and new-build works.

The Outcome:

By providing this tailored solution, Glenahawk not only facilitated a timely purchase but also enabled the developer to confidently progress with their ambitious plans for a high-quality residential development.

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