The latest update for our Shropshire barn conversion project shows that that construction is getting close to completion. Saxon Trust (previously Calmez Ltd) provided property development funding in the form of mezzanine funding and project management support.
This exciting barn conversion project is nearing completion with all new services installed, landscaping to the first phase completed and internals to first four units all complete. The result is a stylish development of character barns that now mix modern day living standards with the charm of a former Victorian barn.
The developer has now successfully achieved planning permission for a fifth unit that is now underway with the extension underway. The existing unit has been insulated, including all new concrete works and works have commenced on the new underfloor heating installation.
This another great example of the skills of this developer for whom barn conversions are a particular specialism and it secures another beautiful building for the future. The whole project is due for completion by early August and already there are two units reserved.
Property features include exposed oak beams, double height ceilings, inglenook fireplaces, luxury fitted kitchens with integrated appliances, ensuite bathrooms, walk-in wardrobes, private gardens and parking. The location is delightful being set in beautiful countryside and yet is within easy reach of local amenities of local villages. Each property is being sold freehold and prices start from offers in the region of £399,000.
Saxon Trust have provided property development funding of £300,000 mezzanine funding on a fixed interest return over 15 months as well as helping secure the senior funding and provided project management support.
Saxon Trust offers property developer funding in the form of mezzanine funding to property developers and builders with proven track records and whom meet the lending requirements of both our prime lender as well as our own. For more information then please contact us here or by calling 0203 3710 511.