Property Development Finance
What is Property Development Finance?
It’s a loan that is secured against a development site and enables a house builder / property developer to be provided a facility for up to 100% of the build costs and an amount to the purchase of the land where applicable.
With so many specialist lenders with varying appetites to lend in this market, how do you know you have the right lender for your development?
Are you looking for development finance?
Specialising solely in sourcing development finance, we have direct access to some 100+ lenders ranging from high street banks, specialist lenders and private investors and so are uniquely placed to use our experience of some 20+ years to connect you to the right lender for your particular project and can typically get terms to you within 24-48 hours.
It has therefore never been more important and cost effective to utilise a specialist, trusted and truly independent broker to help connect you to the right lender.
Key Criteria
01 - Loans up to 70% of GDV
02 - Interest rates from 4.38% p.a
03 - Loans from £100k to £50m
04 - Interest is ‘rolled-up’
05 - Up to 24 month terms
06 - Up to 100% utilising Equity finance / JV
What is development finance used for?
Development finance is most commonly used for residential schemes of any size and location across the UK, some examples are below.
New Build Housing
Facilities available from single plots to multi-unit sites. We have been involved with numerous developments comprising of 4 houses through to sites of 30+ houses even where there are requirements for social housing.
Flatted Schemes
Finance is available for new build and conversion of existing properties to apartments. A recent completion involved a 52 flatted scheme in Luton
PRS
Funding is available from specialist lenders in this sector. Please contact us for further information.
If you do have a project but don’t have cash to put in there is a solution for you (see: point 6 in key criteria). We are able to source 100% development finance for the right developer and site. This can be achieved in two ways.
Stretched Equity
Joint Venture