Case Study • 1 minute read

Revitalising a Mixed-Use Property

Location

London

Loan Amount

£1,500,000

LTV

70%

Mixed Use

The Challenge:

A property developer faced a common but tricky situation: a mixed-use building with a ground-floor retail unit and residential flats above, ready for refurbishment - but the retail unit was unoccupied. Most traditional lenders wouldn’t finance a commercial property without a tenant, leaving a critical funding gap.

Adding to the complexity, the property had an even 50/50 split between commercial and residential space. Some lenders require a 60/40 ratio, making standard term finance difficult to secure. The developer needed a solution that recognised the property’s full potential, not just arbitrary ratio limits.

The Solution:

Glenhawk stepped in with a 12-month bridging loan of £1.5 million at 70% LTV. Our flexible approach allowed the developer to begin refurbishment immediately and negotiate a lease for the retail unit without delay.

By focusing on the property’s overall value and potential rather than rigid lender rules, we provided certainty and speed, ensuring the project could progress with confidence.

The Outcome:

The developer successfully started the refurbishment, secured a commercial tenant, and positioned the property for long-term refinancing. A potentially stalled project turned into a clear path toward increased rental yield and enhanced value - a smooth, confident solution delivered by Glenhawk when timing and flexibility mattered most.

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