Broker Laurence Mills secured a £560,000 facility with 75% Day 1 funding and 100% build costs, structured against GDV investment value.
For property investors, accessing both purchase funding and development costs is key to unlocking a project’s full potential. One client, acquiring a residential property to convert into a high-yielding HMO under Permitted Development (PD) rights, needed a structure that covered every stage of the project.
Broker Laurence Mills arranged a £560,000 facility designed around the property’s Gross Development Value (GDV), using investment value rather than vacant possession value. This allowed the client to maximise leverage and achieve a higher funding position.
The facility provided 75% net Day 1 funding towards the purchase and 100% of build costs, giving the client both the certainty and flexibility to complete the conversion, place tenants, and prepare for long-term refinancing.
Key Highlights
- £560,000 total facility arranged on a 12-month term.
- 75% net Day 1 funding secured for the purchase.
- 100% of build costs covered, removing upfront pressure.
- Loan structured against GDV investment value, not vacant possession.
- Delivered by Broker Laurence Mills