Specialist lender Cambridge & Counties Bank has lent £2m to property developers and investors to help acquire and redevelop a number of properties across North Nottinghamshire into residential and commercial use.
The developers and investors, Glyn Beech and Julie Taplin, have refinanced two completed renovation projects.
These include a former police station in Mansfield Woodhouse, being converted into self-contained offices and let to local businesses, and the 26-28 Grover Street & 8 Beardall Row buildings in Retford being converted and refurbished into self-contained flats and retail units.
Wendy Burton-Webster, senior relationship manager, Cambridge & Counties Bank, said: “Glyn and Julie have an exemplary track record with us, and we are delighted to be supporting them as they expand their portfolio.
“They have over the years focused on the traditional residential and multiple occupation market in the North Notts area, the majority of which have been purchased and fully refurbished or converted to a very high standard. We look forward to continuing this relationship further.”
The developers are now working on converting the old police station in Worksop into 28 one and two bed self-contained flats and an office block, Homes House in Mansfield, to be redeveloped into a mixture of 40 one and two bed self-contained flats.
Swanack House in Retford which will be converted into four self-contained retail units and 11 two bed apartments.
Julie Taplin added: “We see strong opportunities for the real estate sector in the Nottinghamshire region and are delighted to be able to make these new investments.
“We look to partner with best-in-class stakeholders and the support from the team at Cambridge & Counties Bank has once again been exceptional.”