Property Development Finance
Property Development And Refurbishment Loans
If you are involved in and make a living from the development / refurbishment of Residential or Commercial property then the good news is that funds are available for the ‘right project’. Loans are provided from £100K upwards.
What is the definition of the ‘right project’?
- Developments of ‘in demand’ properties – starter homes, mews and terraced properties. All developments involving flats will be evaluated more critically.
- Developments with a sufficient margin to absorb any future reduction in the market value (GDV) of the project.
- Developments with pre-sales or pre-lets in place or a strong prognosis.
- Developments with a clear exit strategy to repay the development loan generally via a sale or re-finance of the properties.
- A clear contingency plan should the exit strategy and repayment of the development loan become protracted.
Under normal circumstances funding can provided to a total exposure in the range 60% – 70% of the estimated GDV of the project. In some exceptional cases for experienced developers we can provide funding up to 100% of all site purchase, development and finance costs.
We are acknowledged as the industry experts in Development Finance so please get in touch today on 0845 838 8579 to discuss your project. Alternatively or submit an enquiry and we will call you back.