Ramsay & White secures finance for £1.9m Derby HMO conversion
By Bridging Loan Directory
Ramsay & White has arranged a development funding package for the acquisition and conversion of a commercial property in central Derby into a 20-room HMO with a projected GDV of £1.9 million.
The property, located close to the city centre and already benefiting from full planning permission, will be transformed into:
- 15 self-contained studio units
- 5 en-suite double rooms
- Accommodation for up to 25 residents
With £550,000 in planned works, Ramsay & White structured a facility that covers both the purchase and 100% of the development costs, supported by a cross-charge over additional assets to maximise liquidity and project viability.
Derby continues to show strong demand for quality co-living accommodation, underpinning confidence in the projected end value.
Lewis Llewellyn, Ramsay & White, said:
“This deal highlights how structured development finance and creative security solutions can unlock high-value opportunities in commercial-to-residential conversions.”
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