Conversion of former care home into 9 apartments in central Bristol funded by Hodge

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Bethany Steer 24 March, 2021

Hodge has completed a development finance facility with Griffon Homes to fund the conversion of a former care home into nine spacious apartments in central Bristol

Working with developer Griffon Homes, Hodge has completed a deal for £1.1m, funding the conversion of a former care home into nine apartments in central Bristol – all with outdoor space and car parking.

Just 10 minutes from Bristol city centre by car, the development – located in Fishponds, a popular residential area – will consist of a mix of one, two and four bedroom flats, close to local amenities, schools, and public spaces, and priced affordably, suitable for first-time buyers and young professionals or families.

Griffon Homes is a new client for Hodge, a partnership made up of a collaboration between two experienced, well-known developers based in Bristol, Jon Morgan and Steve Storey.

Speaking about the deal, Senior Development Finance Manager Greg Pescott, said, ‘This is an exciting development in a popular residential area of Bristol, breathing new life into an old building and giving it a brand new purpose. Griffon Homes is a new client for Hodge, and we’re delighted to support them with their latest venture”.

Jon Morgan, of Griffon Homes, said, ‘This development finance funding from Hodge will allow us to develop nine, much-needed apartments in Fishponds, and we look forward to the project progressing with Hodge Bank.’

To find out more about Hodge Development Finance, click here.