DEVELOPMENT FINANCE FROM 5.9% per annum
Whether an experienced property developer or somebody looking for a first-time project, we are here to discuss and advise you on every aspect of your project. We have an unrivalled portfolio of lenders with a wide range of mortgages or loans available to suit your circumstances. All developments are unique and facilities are tailored to your personal requirements Projects we fund
- Housing developments from single units to large sites
- Apartments and flats
- Part-completed developments
- Holiday accommodation schemes
- Conversions – residential and commercial
- Commercial developments
- Retail units and offices
Lenders typically work to the gross development value (GDV), this is the end value of the development once finished and any funding agreed will be a percentage of this figure. We can arrange with our lenders and providers the following:
- Land purchase and development cost funding
- Stage draw down of development funds
- Interest roll up – no payments due until the development is complete
- Arrangement fees added to the loan
- Flexible loan terms
- 100% funding available with additional security
- Mezzanine funding
- Build warranties
When our clients need to raise additional funds toward a development we can arrange Mezzanine funding. This can increase the overall funding to 90% of the total development costs including site purchase. Mezzanine finance is provided by specialist funders on a second charge basis, “topping up” a senior debt facility to complete the finance package. We can also prove Joint Venture funding which will provide 100% if purchase and build costs in return for a 50% profit share
