Author: Mark Harrison.
Mark is the Managing Director of Breeze Capital and has over 30 years experience in bridging loans, commercial mortgages & development finance.
Liverpool: The Refurbishment of a Historic Warehouse
Project Overview
In the heart of Liverpool’s bustling city center, a historic warehouse is set for a transformation. We provided a bridging loan of £650,000 and an additional development finance of £200,000, this property is envisioned to become a blend of residential apartments and retail spaces. The property, located near the iconic Liverpool docks, has a potential post-development value of £1.6 million.
Financials and Terms
- Loan Amount: £650,000
- Additional Finance for Development: £200,000
- Projected Gross Development Value: £1.6 million
- Loan Term: 14 months
- Repayment: Completed in 12 months via a long-term commercial mortgage, also arranged by the broker.
Project Highlights
The development plan includes the preservation of the warehouse’s historic facade while modernising the interiors to create a unique living and shopping experience. This project not only revitalises a piece of Liverpool’s history but also contributes to the city’s ongoing urban renewal.
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