Conversion & Refurbishment

Conversion and refurbishment into much needed family homes

A former care home now vacant and no longer fit for purpose cleverly reconfigured to create 4 new 3-bed family homes

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Photo Oct 07 21 04 29 27 Pm 26 (1)
Photo Oct 07 21 04 29 26 Pm 1 (1)

Atelier provided a £2m 12-month facility to an experienced repeat borrower. The scheme combines conversion, heavy refurbishment and ground-up development with the end product being a desirable and useful contribution to the local area.

Gross Loan

£2M

Term

12 Months

LTV

69%

Units Created

4

Exit Method

Sales

This is the second time we have supported this developer and we are delighted to be supporting the re purposing of a redundant care home in a popular area of an established town which will create 4 much needed new family homes.

- Alan MacLeod, Senior Investment Manager

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