Example Islington Development Finance Scenarios
The scenarios below illustrate the type of development finance we structure for projects across Islington, covering different project types and developer profiles. They are illustrative examples, not completed transactions.
Georgian Townhouse Conversion
Conversion of a Grade II listed Georgian townhouse into 6 luxury apartments with basement extension. Heritage-sensitive scheme requiring specialist lender comfortable with listed building constraints. Senior debt facility with staged drawdowns aligned to heritage renovation milestones.
- ✓Listed building requiring specialist lender
- ✓Heritage consent conditions managed throughout
Mixed-Use New Build Development
Ground-up mixed-use development on a former commercial site comprising 12 residential units above ground-floor commercial space. Stretched senior facility structured to avoid the need for a separate mezzanine provider, simplifying the capital structure and reducing the blended cost of finance.
- ✓Stretched senior facility — no mezzanine required
- ✓Section 106 affordable housing contribution managed
Office-to-Residential Conversion
Prior Approval conversion of a former office building in Clerkenwell into 8 premium apartments. The scheme benefited from the Permitted Development route, allowing a faster planning timeline. Bridging-to-development finance transition structured to optimise costs during the initial acquisition and PD approval phase.
- ✓Prior Approval route — faster than full planning
- ✓Bridging-to-development finance transition
Period Property Refurbishment
Heavy refurbishment and conversion of a Victorian property in Canonbury into 4 luxury apartments. Conservation area scheme requiring sensitive design approach. First-time developer supported with experienced contractor and professional team in place.
- ✓First-time developer successfully funded
- ✓Conservation area — sensitive design approach
Build-to-Rent Development
New build development of 16 apartments near Finsbury Park station designed for the build-to-rent market. The exit strategy was refinance to a portfolio BTL mortgage rather than individual unit sales. Lender selected specifically for their comfort with build-to-rent exits.
- ✓Build-to-rent exit strategy — refinance not sale
- ✓Portfolio BTL mortgage arranged pre-completion
Commercial-to-Residential Upper Floors
Conversion of upper floors above a commercial premises on Upper Street into 3 high-specification apartments. Ground-floor commercial retained. Scheme navigated Islington's active frontage policies while maximising residential value on upper floors.
- ✓Active frontage policy — commercial ground floor retained
- ✓Upper floor conversion maximised residential value
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