£1.4 Million Bridge to Let Loan for Investment Property Conversion

• Loan Amount: £1.4 million
• Security: Semi-commercial property in Manchester
• Purpose: Conversion and refinance onto a buy-to-let mortgage
• Exit Strategy: Long-term rental income and refinancing with a mainstream lender
• Timeframe: Completion within 3 weeks

Global Bridging Finance was approached by an experienced property investor looking to convert a semi-commercial building in Manchester into high-end residential flats. The property, valued at £2.2 million, included two ground-floor retail units and upper floors earmarked for conversion into five modern apartments.

The client required rapid access to capital to initiate the conversion and subsequently refinance the asset into a buy-to-let mortgage once the works were completed. Traditional lenders were unwilling to move quickly due to the property's mixed-use nature and the investor’s limited liquidity, so Global Bridging Finance arranged a £1.4 million Bridge to Let facility.

The bridging loan was secured against the property, enabling the client to commence the conversion work immediately. Our team worked closely with valuers and solicitors to streamline the process, ensuring funds were released in under three weeks. The investor planned to refinance onto a long-term buy-to-let mortgage upon completion, supported by strong projected rental yields.

This case highlights Global Bridging Finance’s ability to arrange flexible Bridge to Let solutions that support property investors through the purchase, refurbishment, and refinance stages, helping clients transition seamlessly from short-term finance to long-term investment.