Roma Finance has completed a £2.7 million loan to fund the ambitious conversion and refurbishment of a former dog kennel site in Essex. This exciting project, located on a nine-acre site, will transform a series of outdated buildings, including a main house, stables, and several cottages, into a collection of premium holiday rental properties.

The conversion project, which will create seven properties ranging from one-bedroom to four-bedroom, is set to offer a unique countryside escape for tourists. With its proximity to London by rail and car, the site offers visitors the best of both worlds – easy access to the vibrant city while surrounded by peaceful rural charm.

However, this site presents its fair share of challenges. The buildings’ previous use as dog kennels means the conversion requires significant infrastructure upgrades. Additionally, the property has suffered from weathering and timber decay, demanding expert restoration and careful planning.

The borrower, who has a proven track record with over 200 properties and previous successful holiday rental conversions in the area, is confident in the long-term potential of the site.

Shane Francis, Underwriter at Roma Finance, comments: “This project was incredibly rewarding to work on. The borrower’s deep knowledge and the clear potential of the property were immediately apparent. We’re excited to see how this beautiful countryside development will take shape into a sought-after holiday location.”

Mark Foley, Senior Business Development Manager, shares “This project has been a great experience for both parties. The borrower’s enthusiasm and collaboration have made the project a pleasure to be part of. I look forward to seeing the site transformed into a successful holiday let business”.