Heavy Refurbishment Finance

Up to

70% LTGDV

Rates from 0.85%
Terms up to 18 months
No collateral warranties
Fast drawdowns

Finance larger-scale extensions and structural conversions

Flexible funding for projects involving significant refurbishment, structural alterations or property reconfiguration. Our heavy refurbishment facility is designed to support cash flow and provide flexibility across build programme, planning conditions, contracts and warranties.

Product Guide

Deals we fund

Colenko provides heavy refurbishment finance for projects involving significant structural works, reconfiguration or change of use.

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Residential Blocks

Barn Conversions

Commercial-to-Residential

Large Extensions

Key facts

Loan amount	Up to £3 million
Loan term	Up to 18 months
Monthly rate	Up to 0.85% per month
Interest	Option to part service
LTGDV	Up to 70%
LTC	Up to 90%
Security	First charge
Ownership	Individual or SPV
Region	England and Wales

Full Product Guide

Our process

Heavy refurbishment projects often involve structural complexity, planning considerations and staged delivery. We structure facilities that support the works while maintaining disciplined oversight.

1. Evaluate

We assess the refurbishment scheme including build costs, professional fees, planning requirements and any licensing considerations.

2. Optimise

We structure the facility to maximise day one funding while ensuring the full cost of works is covered through the project.

3. Execute

Funds are released promptly as works progress, planning conditions are discharged and key project milestones are achieved.

Contact our sales team

Mark Marlow

Head of Sales
mark@colenko.com
020 4576 9470

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 a heavy refurbishment loan?2026-03-04T13:42:41+00:00

What is a heavy refurbishment loan?

A heavy refurbishment loan is a funding facility used for projects involving significant structural works or property reconfiguration. This can include residential block upgrades, barn conversions, commercial-to-residential projects and large HMO schemes. Funding is typically released in stages as works progress.

Can I fund larger developments with a refurbishment loan?2026-03-04T13:43:20+00:00

Can I fund larger developments with a refurbishment loan?

Yes, larger refurbishment and conversion projects can be funded with a heavy refurbishment facility. Lending is usually based on the projected value of the completed scheme, with leverage often capped around 70% LTGDV. The final terms depend on build costs, projected value and developer experience.

Can I use a refurbishment loan for mixed-use schemes?2026-03-04T13:44:41+00:00

Can I use a refurbishment loan for mixed-use schemes?

Yes, many lenders will consider mixed-use refurbishment projects. This may include office-to-residential or retail-to-residential conversions. The structure of the scheme, planning position and exit strategy will influence the available funding.

Is there funding available for Class Q barn conversions?2026-03-04T13:45:06+00:00

Is there funding available for Class Q barn conversions?

Yes, Class Q barn conversions can be funded with refurbishment finance where permitted development rights have been granted. Lenders will review the planning approval, the build specification, and the projected end value before confirming terms.

Can I fund a large HMO conversion with a refurbishment loan?2026-03-04T13:45:34+00:00

Can I fund a large HMO conversion with a refurbishment loan?

Yes, heavy refurbishment finance can support larger HMO conversions that involve structural alterations. Smaller HMOs may fall under standard refurbishment facilities, while larger Sui Generis schemes often require a heavier refurbishment structure. The planning route and licensing requirements will be assessed during underwriting.

Speak to the heavy refurbishment finance team

Discuss your refurbishment project and understand how funding can be structured to support structural works, extensions and conversions.