Property Development Finance

Development Finance in a slowing enconomy

As the economy slows and more Banks, Building Societies and other Lenders decline more cases or even pull existing offers it becomes harder for one to know where they should look for finance.

We can help you secure the finance you need for your development. As Independent Commercial Mortgage Brokers specialising in the development and commercial sector we have excellent relationships with our lenders and the knowledge and expertise to place your business.

There is no question that funding developments requires a larger deposit than one or two years ago; even the largest and most reputable developers have been effected by changes to Banks lending policy. Our job is to find the best terms from the most suitable lender for your development, and we do this well.

Finance is available for:

Commercial Development (Must be Pre let or pre sold)

Residential development (New build, conversions, extentions)

Property Trading (Acquisition, refurb and onward sale)

Planning Gain Finance

Investment Portfolios

Development Finance Criteria:

Loan Size £100,000 - £50 million

Project Term Up to 24 months

LTV 60% of Land/ Site valuation

100% of build costs

Surveyor / Valuer will monitor costs, timetable and cashflow for stage payments which are normally release on monthly certification.

All sites to have planning in place before drawdown

As a guide, projects should show a minimum of 25% profit on cost.

For a confidential discussion please call 020 3236 1003.

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