Refurbishment2026-05-01T12:16:54+01:00

Refurbishment Finance

Up to

75% LTGDV

  • Rates from 0.75% per month
  • Up to 18 months term
  • Low touch monitoring
  • Fast drawdowns

Specialist refurbishment finance for a range of projects

Colenko funds refurbishment projects of all sizes, from cosmetic upgrades to complex structural conversions. Facilities are tailored to each scheme to maximise day one funding while ensuring capital flows smoothly through the project with streamlined monitoring and a practical approach to documentation.

Deals we fund

Colenko provides refurbishment finance across a range of project types, from light cosmetic upgrades to complex structural conversions and exit funding. Facilities are structured to support each stage of the refurbishment cycle, with funding tailored to the scope of works and the developer’s exit strategy.

Light Refurb

Medium Refurb

Heavy Refurb

Finish & Exit

HMO Conversion

Up to 75% LTGDV funding for HMO conversions, assessed against commercial investment value.

Key facts

Loan amount Up to £3 million
Loan term Up to 18 months
Monthly rate From 0.75% per month
LGDTV Up to 75%
LTV (net) Up to 75%
Security First charge
Ownership Individual or SPV
Region England and Wales

Our process

Refurbishment projects vary widely in scope, from cosmetic upgrades to complex structural conversions. We structure facilities that reflect the scale of works while keeping funding efficient and practical.

Contact our sales team

Mark Marlow
Mark Marlow
Head of Sales
mark@colenko.com
020 4576 9470
Lee Moran
Lee Moran
BDM, London and South
lee@colenko.com
020 7948 9706

Why choose Colenko?

Choosing a lender is about more than rate. With Colenko, you gain a proactive partner, clear communication at every stage, and the necessary experience to keep your transaction moving from first conversation through to completion.

Clarity

We lend with a clear understanding of your circumstances, providing full transparency on what we can offer. By assessing your situation thoroughly, we deliver funding that works from the outset.

Communication

We keep you informed throughout the process with clear, straightforward updates. You can move forward with confidence, supported by consistent and reliable communication.

Commitment

When we issue terms, we stand behind them. We navigate complexity, overcome challenges, and remain committed every step of the way to ensure your loan progresses smoothly to completion.

Highly Commended Bridging Lender of the Year 2025 NACFB

What our clients say

Here’s what clients say about working with Colenko. From first conversation to completion, we focus on clear communication, practical solutions, and keeping deals moving.

“I had a really positive experience with Colenko. The team stepped in and helped complete the deal smoothly. They were proactive throughout and communication was clear from start to finish. The process was well managed and efficient. I’d happily recommend them.”

Marianne, Kensington

“Our broker recommended Colenko and, given our tight timeframe and first auction purchase, we were initially a little hesitant. However, the team were excellent from the start. They were supportive, attentive and kept us updated while guiding us through the process.”

Olu, Lewisham

“We’ve worked with Colenko on several transactions and the experience has always been smooth. The team act quickly to ensure deals complete on time, even with tight auction deadlines. Their responsiveness and efficiency make the whole process straightforward.”

Michael, Oxford

Frequently asked questions

What is refurbishment finance?2026-03-04T15:27:13+00:00

Refurbishment finance is short-term funding used to improve or convert an existing property. It can cover everything from cosmetic upgrades such as decorating and new kitchens to structural alterations or change-of-use projects. Funds are typically released in stages as the works progress.

What types of projects can refurbishment finance support?2026-03-04T15:27:31+00:00

Refurbishment finance can support a wide range of projects, including cosmetic upgrades, extensions, structural alterations and property conversions. Typical examples include fix-and-flip refurbishments, loft conversions, commercial-to-residential conversions and large structural refurbishments.

What is the difference between light, medium and heavy refurbishment?2026-03-04T15:27:57+00:00

The classification usually depends on the scale of works involved. Light refurbishment covers cosmetic improvements with no structural changes, while medium refurbishment includes modest structural works such as extensions or loft conversions. Heavy refurbishment typically involves major structural alterations, change of use or complex redevelopment.

How much can I borrow with refurbishment finance?2026-03-04T15:28:13+00:00

Loan amounts depend on the property value, refurbishment costs and the projected value once works are complete. Funding is usually assessed against the gross development value (GDV) of the finished project. The developer’s experience and the complexity of the scheme will also influence terms.

Can refurbishment finance cover the full cost of the works?2026-03-04T15:28:32+00:00

In many cases it can. Some refurbishment facilities are structured to fund the full refurbishment budget, with funds released in stages as works progress. Lenders will usually require surveyor oversight and contingency planning to ensure the scheme remains viable.

How are funds released during a refurbishment project?2026-03-04T15:28:49+00:00

Funds are typically released in stages as work progresses. A monitoring surveyor or asset manager will confirm that each stage of the refurbishment has been completed before additional funds are drawn down. This helps ensure the loan remains aligned with project progress.

What exit strategies are used with refurbishment finance?2026-03-04T15:29:10+00:00

Refurbishment loans are usually repaid through the sale of the property or refinance onto a longer-term investment loan. The exit strategy is a key part of the lender’s assessment because refurbishment finance is designed as a short-term facility.

Who can apply for refurbishment finance?2026-03-04T15:29:27+00:00

Refurbishment finance is typically available to property investors and developers using individuals or special purpose vehicles (SPVs). Loans are secured against the property being refurbished. Lenders will assess experience, project viability and the proposed exit strategy before issuing terms.

Speak to the refurbishment finance team

Discuss your refurbishment project and understand how funding can be structured to maximise day one leverage and support works through to completion.

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