A NUMBER of sites in Dalmarnock in Glasgow’s East End have been transformed in the past few years.
The biggest development has been Riverside Dalmarnock, a mixed-tenure scheme of more than 500 houses and flats by Link Group and Laurel Homes on the site of the old Dalmarnock Power Station, beside the Clyde.
Nearly 240 apartments are being developed nearby on land near Dalmarnock Station.
Almost 50 terraced homes and townhouses have been built on vacant land at Carstairs Street, French Street, Webster Street and Swanston Street.
Regeneration initiative Clyde Gateway restored and converted the former gas purifier shed and adjoining meter house at Poplin Street into five separate office units.
Swan Group built around 150 flats beside Newhall Street, on a triangle of brownfield land next to the Clyde, near Glasgow Green.
Extensive landscaping work, including creation of a park, has taken place on beside the Clyde near the Dalmarnock Smart Bridge.
Thenue Housing Association is building 41 flats and terraced homes for social rent at land between Connal Street and Springfield Road.
Grocery chain Lidl have planning permission for a store on the corner of Springfield Road at Dalmarnock Road.
Empowering Scotland’s property developers of every size, with funding solutions to help you rise.
Evolve Finance are a Glasgow-based commercial finance brokerage serving the UK, specialising in all types of property finance for Property Developers, Landlords and Investors and offering innovative finance solutions, they welcome complex cases and back their experience to add value to any project.
Here’s just some development products that may be of interest.
Residential development funding Scotland: For projects from £750,000 to circa £50,000,000, this facility is typically for the purchase and ground up development costs of new build residential projects, large residential refurbishment projects or commercial projects with the loan repayment coming from the sale proceeds or re-financing to a term loan.
Bridging loans for property development Scotland: This facility is typically used for projects ranging from £50,000 to £3,000,000, covering purchase and development costs of anything from one-bedroom flats to large commercial-to-residential conversions, as well as smaller new build developments like a single detached house or gap site projects of 6–12 flats.
Build to Let Development Finance: Build to Rent projects also known as Build to Let are gaining traction, with this facility funding projects from £750,000 to £50,000,000, typically for large-scale refurbishments and new build residential flats. The development finance transitions to a long-term commercial mortgage upon completion.
Below market value property funding: Below Market Value Bridging Loans allow you to borrow up to 100% of the purchase price when the property’s purchase price is lower than its open market value, helping you maximise leverage opportunities and make the most of discounted property deals.
