Finance firm backs renovation of office block to residential scheme with loan

Assetz Capital has announced the completion of a loan in support of its long-term borrower, the 9 Property Group.

They have granted a £1.85m Refurbishment Loan to aid the borrower in refinancing and renovating Chartwell House in Nottingham.

The goal is to transform it into 11 self-contained apartments, providing a total of 19 beds.

Andy Fraser, chief commercial officer for Assetz Capital, said: “We are delighted to continue our close association with Taj and provide a funding solution that allows the property to be converted from Office to Residential use and bring forward much-needed residential space in the heart of Nottingham City Centre.”

Taj Ubhi, CEO, of 9 Property Group, said: “Assetz Capital continue to provide tailored funding solutions, and coupled with their “can do” attitude and ease of doing business, remain a key funding partner to the 9 Property Group Limited.”

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