Ross Williams, specialist finance account manager at Precise, worked closely with Sam O’Neill, senior bridging consultant at KIS Bridging Loans, to assist a client who owned a former pub building and had secured planning permission to convert it into a residential family home.

With planning approved, the client was ready to begin the renovation works but first needed to secure additional finance.

To help the client get started, Precise provided 70% day one lending, giving them the upfront capital required to begin the refurbishment.

As the project progresses, the client will continue to be supported through staged drawdowns to fund the remaining works.

The client once ran the pub themselves, and with funding secured they are now able to restore the building and ultimately live in it as their forever home.

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Alan Kimber, head of bridging at Precise (pictured above), commented: “This case illustrates just one of the many ways that bridging can help provide a sound financial solution towards a client’s objective, which in this case was very much a personal focus.

“Ross and the specialist bridging team have built up a wealth of knowledge between them, and when you combine this with Precise’s 15 years of experience as a bridging lender the combination is hard to beat.”

Sam said: “A regulated pub conversion requiring drawdowns is not a typical bridging case, and this is where it’s important to look beyond the headlines of the deal.

“From our experience of working with the specialist bridging team at Precise, we knew they’d be the right fit for this case. We worked closely with Ross and the underwriters to ensure things ran as smoothly as possible and that we weren’t trading price for service.”