Development Finance.
Our residential development loan product is principally designed to finance house building transactions. We finance sites with detailed planning consent in place where we can obtain a first charge on the development.
We will also consider commercial deals with an element of forward sale.
We don't operate on a fixed % of land and development costs but do want to see the borrower committing their own cash or assets to the deal.
We visit every property we finance and meet every borrower personally.
This product can finance:
- Residential Housing Developments
- Mixed Residential and Commercial deals
- Commercial deals with pre-sales
- Vaton purchases, pending it's reclaim
Features
Loan Size
Term
LTV
Interest Rate
Fees
Redemption fee
Location
£50k - £5m
Up to 12 months
65% GDV max
1% per calendar month
Arrangement fee - 2% maximum
Between 1% and 3%, depending on the risk profile
England and Wales
Please note that we have a flexible approach to pricing, and if the above pricing structure doesn't fit a certain deal, we are able to amend and tailor it to do so.
In certain circumstances, we may be able to fund larger transactions. Please contact us with any specific requirements.
