Shawbrook funds car showroom conversion

Shawbrook funds car showroom conversion




Shawbrook Bank has completed a £410,000 loan to finish the conversion of a former car showroom into apartments and offices.

The client had already purchased the showroom but ran into problems regarding planning approval and a boundary dispute which meant he needed additional funds to complete the work.

The loan was brokered by CPC Finance which has completed over 500 deals with Shawbrook over the last five years.

It had a gross loan-to-value of 65.6% on 12 months interest only, and there were just 13 business days between an offer being issued and completing on the loan.

Karl Griggs of CPC Finance said: “I was pleased to see the type of upfront and thorough case management which makes my job of dealing with the Shawbrook lending teams as beneficial as possible, both for myself and my client.

“This is typical of the bank and one of the primary drivers behind our long-term relationship.”

The client added: “Communication throughout my loan application was both forthright and much welcomed. As an investor who has taken out multiple loans with Shawbrook, I have found them to be a lender with integrity who my partners and I can trust.

“We look forward to working again with Shawbrook in the future on other loans for our portfolio.” 

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