We’ve noticed a recent increase in projects in Edinburgh over the last few months. One of our favourites neighbourhoods is Stockbridge and Castlehill Capital were delighted to be involved in funding a residential project there.
The property had a mixed use classification which initially posed some issues but these were quickly dealt with before full consent was granted for conversion to an all residential classification.
This loan application involved another first time property developer and we were delighted to finally get the funding over the line.
Along with minor issues with the mixed use classification there was also the business case of a serviced accommodation to assess. Our client had put together a convincing proposal and we were happy to back his vision.