Cobham Refurb GDV Case Study: Delivering a £1.09M Day-1 Loan at 75% LTV

Navigating the fast-moving UK property market requires immense agility, yet rigid, traditional lending frameworks frequently suffocate high-potential projects before they can even break ground. For forward-thinking brokers and their clients, the ultimate competitive edge lies in partnering with a specialist finance provider capable of looking well past a property’s current condition to focus entirely on its future profitability. This progressive approach shifts the conversation from what a site is, to what it can become.

At LendInvest, we’re able to look past the current state of the property and see its full potential. We provide forward-thinking brokers with the ultimate competitive edge, delivering the agility and specialist finance required to turn ambitious visions into profitable realities.

That is exactly why we engineered our Refurb GDV product. Rather than anchoring facility sizes to a restrictive day-one purchase price, we base our funding structures directly on the projected Gross Development Value. By unlocking up to 75% Day 1 funding and covering 100% of the ongoing refurbishment costs, this product delivers the powerful, high-leverage injection today’s ambitious property investors need. It gives developers the crucial financial breathing room to fully optimise capital, maintain construction momentum, and smoothly drive towards a highly lucrative exit.

Case study: £1.09M Day-1 Loan & Expansion in Cobham

A broker approached us on behalf of a new borrower, an experienced property developer with an excellent track record of high-end transformations. They wanted to refinance and raise capital against a substantial detached property in Cobham.

The client planned to execute a full internal renovation and significantly expand the living space under Permitted Development, including a rear extension, garage conversion, and dormer roof. This 9-month project will increase the GIA by 85% (from 1,852 sqft to 3,437 sqft), utilising a trusted team of local subcontractors.

The client’s planned exit is to refinance onto a Buy-to-Let product. While separate planning permission to build on the rear land remains ongoing, our team assessed the deal purely on the standalone value of the main house to keep the project moving forward.

In the end, we were able to structure a total facility of £1.49M. This provided a Day 1 net loan of £1.09M at 75% LTV to successfully redeem the existing lender, maintaining a comfortable 67.90% LTGDV.

Cut the Complex: Refurb GDV Lending with LendInvest

• Expert Support: Benefit from our in-house MRICS surveyors who provide valuable advice on construction and value maximisation.
• Flexible LTVs: Up to 75% day one, 100% of costs, LTGDV 70%  and up to £5 million total facility
• Versatile Property Support: Ideal for extensions HMOs, flats, houses, commercial-to-residential conversions, Buy-to-Let properties and semi-commercial end uses.
• No Exit Fees
• High Loan-to-Cost: We offer a generous maximum LTC of 90%, covering a significant portion of your total project costs.
• Seamless transition onto our competitive Buy-to-Let products.
• Strong Appetite: Cost of works can be more than 100% of the Market Value