The Challenge
An established HMO provider and operator in Norfolk identified an opportunity to reposition a Grade II-listed property in King’s Lynn. Originally two residential houses and later converted into a 15-room hotel, the client invested over £100,000 in refurbishment to operate the site as a short-stay venue. To stabilise the asset and fund future acquisitions, they required a refinance and capital raise facility.
The Solution
Phoenix Money structured a £357,500 loan, refinancing the original purchase facility and unlocking additional equity. The facility was designed with six months’ retained interest, moving to servicing thereafter, providing the flexibility needed to support the client’s long-term strategy.
The Outcome
The refinance and capital raise enabled the client to:
- Stabilise the property following refurbishment
- Release equity tied up in the asset
- Progress with portfolio growth plans through further acquisitions
This transaction highlights Phoenix Money’s ability to deliver flexible, timely, and transparent funding solutions, tailored to the unique requirements of property investors.
