Development
Finance
If you are a property developer or landlord, development finance is the ideal way to get your new project off the ground.
Our vast experience in this field means that we can make sure you secure the best deal possible. Whether you are looking to make inroads on an extensive new build project or redevelop an existing property,
Our team is here to find you the property development finance package that will make it happen.
Yes, the amount you receive will be worked out agains the gross development value (GDV) of the project. At the moment you can take out a loan of up to 60% of the GDV, or 75% of the projected total final costs
As mentioned earlier, property development finance is mainly used for large projects with most developments hoping to receive finance starting from £250k and upwards.
CRITERIA HIGHLIGHTS
- Up to 70% gross development value.
- Up to 70% gross development value.
- Up to 70% of land acquisition value.
- Up to 100% of build costs.
- Terms 3 to 18 months.
- Staged payments.
- Finance available for residential and commercial development.
- Finance available for conversions and refurbishments.
- Up to 80% of loan to cost (land acquisition cost + build cost + professional fees).
- Interest can be rolled up or retained.
- Lending in England, Wales and Scotland.
AREAS WE CAN HELP
- Multiple units, Retail Units, Industrial Units
- Mixed use properties, Single freehold units
- Houses in Multiple Occupation (HMO)
- Warehouses & Offices
- Care and Nursing Homes
- Restaurants and Public Houses
- Hotels and Guest Houses
Frequently Asked Question
We are happy to answer your queries on the phone or in person but here are answers to some of the most frequently asked questions we receive regarding development finance.
Property development finance is a type of funding that is generally used for new large scale building projects or comprehensive renovations to an existing property. You would most likely be looking to secure this type of finance when embarking upon a large, mid to long-term project. In this way it differs from more basic refurbishment finance or bridge loans, though these are services which we are able to provide you with too.
As there are no set standard rates for property development finance this is exactly where we come in to ensure that you find the perfect match at the best possible rate. With a wealth of experience and contacts within the market, we’re able to approach a variety of lenders and institutions in order to make sure you get the best deal.
Our team are highly skilled at presenting your application in such a way that will best emphasise the strength of your development to ensure that your project will receive the most favourable rates.
As a general rule, the rate that you would expect to pay on your finance would be around 6.0%
Yes, the amount you receive will be worked out agains the gross development value (GDV) of the project. At the moment you can take out a loan of up to 60% of the GDV, or 75% of the projected total final costs
As mentioned earlier, property development finance is mainly used for large projects with most developments hoping to receive finance starting from £250k and upwards.
Property development finance is typically an interest free way of achieving a large, short-term capital boost. Depending on the amount of finance you receive at the outset, most loans are repaid within 6 to 18 months. The interest you pay back is normally factored into the total cost of the loan in order to avoid the need for any extra monthly payments.
Due to the high levels of capital involved, property development finance is by no means easy to secure. Alongside our expertise in submitting applications, the property developer or landlord seeking such finance should have a prior history of successful developments and all relevant paperwork relating to the current project in excellent order.
Get in contact with us today via telephone or email and we will walk you through your options and advise you on the best next step in order to secure the level of finance that you need to get your project moving forward today.
