Ramsay & White secures funding for 20-unit PD conversion in Egham

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Ramsay & White has successfully arranged funding for an experienced developer undertaking a permitted development (PD) scheme in Egham, Surrey, converting a commercial property into 20 high-specification one-bedroom apartments.

The deal was led by Ramsay & White Partner Paul Davies and highlights the firm’s ongoing commitment to supporting experienced clients in delivering high-quality residential projects that address local housing demand.

The site was acquired for £2.1 million, with a projected £1.6 million cost of works. The scheme is expected to deliver a gross development value (GDV) exceeding £5.5 million.

Thanks to the PD route, the developer will benefit from a streamlined planning process and accelerated timelines, maximising value through efficient use of existing space.

To fund the scheme, Ramsay & White structured a bespoke bridging and development finance package in collaboration with Acre Lane Capital.

The lender’s appetite for well-located schemes and experienced operators made them an ideal match for the project.

With a proven track record in commercial-to-residential conversions, the developer was able to move quickly and secure the opportunity in a highly competitive market.

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