HMO Funding

We are now funding HMO conversions on an almost monthly basis.

HMO Funding

And our most recent project was a for a client in Coventry.  Where there are a glut of HMO opportunities.  This particular opportunity was to convert an old end of terrace house into a 5 bed HMO.

Our client had a agreed a purchase price of £150k, refub costs of £83k producing a GDV of £277k.

The refurb took 6 months.  Using the client’s in-house build team.

We are now working on the refinance of the initial facility onto a long term 5 year option.