B.R.R.R. PROPERTY JOURNEY SERIES
What does BRRR stand for? Buy Refurb Rent Refinance
Follow the real-life journey of property investors Sanjay and Malkit, as they go through the process of buying, renovating, renting and remortgaging their commercial to residential investments. We get an inside look at their plans, financials, roadblocks and triumphs.
Reading Conversion Part One
Karl Griggs, Co-Founder and Director of CPC Finance chats with Sanjay Kumar and Malkit Purewal from Savoy’s Properties. They have been developing properties for the last 10 years and Karl chats with them as their new property conversion project in Reading gets underway. Originally a commercial office, follow the conversion journey from office space to residential flats.
Uxbridge Conversion Part One
Join CPC Finance Co-Founder and Director, Karl Griggs as he talks to Sanjay Kumar and Malkit Purewal from Savoy’s Properties. This episode features the newest property added to their portfolio – a bungalow in Uxbridge. Follow the conversion journey from bungalow to a 6 bed House of Multiple Occupancy (HMO).
Reading Conversion Part Two
Join Karl Griggs, Co-Founder and Director of CPC Finance as he returns to the property in Reading. Sanjay and Malkit from Savoy Properties update Karl on the progress of the conversion from office space into residential flats. Six weeks into the project and work is progressing well and on target to be completed within the 8-week timeframe.
Uxbridge Conversion Part Two
Join CPC Finance Co-Founder and Director, Karl Griggs as he returns to the property in Uxbridge. We rejoin Sanjay and Malkit eight weeks into the HMO project. With a huge amount of work already completed, the project is on track to be completed on time, which now will become a 7 bed HMO and not the 6 bed HMO initially planned.
A recent client success:
Clients purchased a derelict, partly vandalised property in need of a full refurbishment. CPC Finance arranged a short term loan in order to complete the purchase and release additional funds for the refurbishment works to be carried out. The clients completed the refurbishments required and re-mortgaged on to a term facility.
You will need an exit route in place for the finance. Once the refurbishment is completed, it can usually be switched to a term loan if you wish to retain the property to rent out. Alternatively, the exit route can be to sell the property.
Flexible repayment options are available to allow you to choose between retained, rolled and serviced payments.
Get in touch today to discuss your refurbishment needs in more detail.
+44 (0)1923 655441