Medium Refurbishment2026-03-27T15:32:45+00:00

Medium Refurbishment Finance

From

0.80%

  • Up to 70% LTGDV
  • Up to 18 months term
  • Low touch monitoring
  • Fast drawdowns

Finance small extensions, loft conversions and refurbishments

Flexible funding for projects involving refurbishment, reconfiguration or minor structural works. Our medium refurbishment facility is designed to maximise day one leverage and fund 100% of the refurbishment works, including loft conversions, single-storey extensions and internal reconfiguration.

Deals we fund

Colenko provides medium refurbishment finance for projects involving internal reconfiguration, extensions or modest structural works. Typical schemes include loft conversions, single-storey extensions and smaller HMO conversions where staged funding and strong day one leverage are important.

Single Storey Extensions

Loft / Attic Conversions

Structural Works (Minor)

HMO Conversions

Key facts

Loan amount Up to £3 million
Loan term Up to 18 months
Monthly rate From 0.85% per month
LTGDV Up to 70%
LTV (net) Up to 75%
Security First charge
Ownership Individual or SPV
Region England and Wales

Our process

Medium refurbishment projects often involve shorter build programmes and smaller teams. We structure facilities that allow developers to progress works quickly while maintaining clear oversight.

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 types of projects qualify for medium refurbishment finance?2026-03-04T14:24:02+00:00

Medium refurbishment finance is designed for properties requiring moderate upgrades or structural improvements. Typical projects include loft conversions, small extensions, internal reconfiguration and some HMO conversions. It’s suited to value-add refurbishments where a full development facility isn’t required.

How much can I borrow with a medium refurbishment loan?2026-03-04T14:31:55+00:00

Loan sizes depend on the strength of the project, developer experience and the overall deal structure. Facilities can reach several million pounds where the scheme and exit strategy are viable. The final loan amount will reflect projected value and refurbishment costs.

What is the maximum LTGDV available?2026-03-04T14:33:00+00:00

Leverage is typically based on the projected value of the completed scheme. Facilities may reach around 70% loan to gross development value (LTGDV), subject to underwriting. The final leverage will depend on the build cost, valuation and exit strategy.

How much funding can be released on day one?2026-03-04T14:38:34+00:00

Day one funding depends on the purchase price and the lender’s loan-to-value parameters. In many cases, a significant proportion of the property value can be released upfront, with the refurbishment budget funded through staged drawdowns. Net proceeds will be lower once fees and interest allowances are considered.

What interest rates are available?2026-03-04T14:39:54+00:00

Rates vary depending on leverage, project complexity and the borrower’s experience. Monthly pricing is common for refurbishment facilities, with rates available from 0.85% per month, reflective of the short-term nature of the funding. The overall cost should be assessed across the full term of the loan.

What is the maximum loan term?2026-03-04T14:40:29+00:00

Refurbishment loans are typically structured as short-term facilities. Terms are commonly offered for up to 18 months to allow time for works to be completed and the property to be sold or refinanced.

Can refurbishment finance cover the full cost of works?2026-03-04T14:40:42+00:00

In many cases, yes. Medium refurbishment facilities can often fund the full agreed refurbishment budget, subject to surveyor review and staged releases. Developers will still need to demonstrate contingency and overall scheme viability.

How are funds released during the project?2026-03-04T14:41:03+00:00

Funds are usually released in stages as works progress. Drawdowns are typically approved following inspection or sign-off from a monitoring surveyor or asset manager. This ensures funding remains aligned with project progress.

Who can apply for medium refurbishment finance?2026-03-04T14:41:20+00:00

Medium refurbishment finance is generally available to property investors and developers using individuals or special purpose vehicles (SPVs). Loans are typically secured against the property being refurbished. Eligibility will depend on experience, project viability and the planned exit strategy.

Speak to the refurbishment finance team

Discuss your project and see how medium refurbishment funding can support extensions, conversions and value-add improvements.

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