Refurbishment loans provide an additional facility alongside the bridging loan to finance construction works on the property, specifically for renovations or conversions.
Funds are disbursed in arrears, typically on a monthly basis, and we offer financing that covers up to 100% of the construction costs, in addition to 75% of the property's initial purchase price, funded on day one.
ENHANCE PROPERTY VALUE
Our refurbishment facility allows you to add value to your project by leveraging the proposed Gross Development Value (GDV).
Financing for Upgrades
Suitable for refurbishments, conversions, or renovations.
Increased Property Value
Increase the value of your asset with funding.
Short-Term Solutions
Ideal for projects that require quick turnaround and completion.
HOW IT WORKS
What Types of Projects Qualify for Refurbishment Finance with Rokform Capital?
Single Dwelling Refurbishments
Barn Conversions
Loft/Rear Extensions
HMO Conversions
Drawdowns are paid out within 72 hours of your application, ensuring you have the funds needed to complete your project efficiently.
LOAN TERMS
Interest Rate
Typical rate 1.25%
Loan Size
£50,000 - £2m
Term
3 - 18 Months
LTV
75%
Refurb Facility
100%
LTGDV
70%
Arrangement Fee
2%
Monitor Surveying Fees
£300 per visit
Exit Fee
1%
Admin Fee
None
Early Redemption Fee
None
Interest
Serviced or Retained
Personal Guarantee
Yes
CASE STUDY
Derelict 3 bed house to 6 bed HMO
Our client purchased the property in Bristol with plans to convert it into a 6-bed HMO for the student market. With the introduction of Article 4, time was critical, leaving them just 12 weeks to complete the conversion and tenant the property. Our fast completion and flexible, immediate drawdowns played a key role in helping them meet this tight deadline and achieve their goal.
FINANCIALS
Purchase price
£265,000
75% Bridge loan
£198,750
100% Refurbishment facility
£200,000
Total facility
£398,750
GDV
£670,000
WHAT OUR CLIENTS SAY
Testimonials
Good experience with Rokform. Everything was on time as promised with timely updates and payments. Communication excellent throughout and projects were delivered exactly as explained at the beginning of the agreement. Recommended, and will collaborate again without hesitation.
Simon H
Investor
We worked with Rokform Capital on our first commercial to residential project and Jon was amazing, outrageously flexible where no other lender would have been and supported us with knowledge where needed. Since, we have looked at multiple deals with Rokform Capital and will 100% use them again in the future.
Alec P
Borrower
Myself & Jo have just completed on a development funded by Rokform Capital and what a breeze! Awesome bridging company, will also be using them to fund the development works once we have the planning though. Super happy, we completed within a week! Crazy speeds. Thanks a bunch Jon.
Sian P
Borrower
