We work with all categories of developers and builders who have good residential or commercial development projects, and
if you choose us to work with you, you will be confident that your funding will run smoothly and complete within the time you expect and plan for. Here is a snapshot of what we offer:
We are interested mainly in development projects in London and the South East, but we are keen to consider proposal in other locations, and we have a special interest in the North of England.
We can also provide specialist lending facilities, and legal services, to assist non-UK registered companies, and non-UK resident investors, who wish to finance residential or commercial development projects in the UK.
Residential Development Finance:
* New Build Houses
* New Build Flats or Luxury Apartments
* Office -to-Residential and Retail-to-Residential changes of use under P.D. Rights
* Conversions, Restorations, Refurbishments, and Extensions.
For new build residential developments, we have access to funding UP TO 90% OF TOTAL PROJECT COST (up to a maximum of 75% x GDV)
Rates of Interest from 6.5% per annum.
For specially selected new build proposals we can arrange 100% OF TOTAL PROJECT COST up to £2,500,000, over a 6-24 month period, for experienced developers with a proven track record. Funding will be provided as a Joint Venture with the lender, and a typical 60/40 profit share in the developer's favour.
Funds are released as a "day one loan" for site purchase, cost of infrastructure, and all professional fees, etc., followed by stage payments drawn against architect’s/QS certificates.
Interest on drawn down funds will be rolled up to be repaid with capital from the proceeds of sale or refinance of the completed project.
If you wish to instruct us to prepare a development loan proposal for you, here is an outline of what we need:
* Full description of the project
* Location map, site layout plan, proposed house types, elevation drawings
* Cost of Works Analysis & Breakdown
* Development Appraisal/Cash Flow Projections/Drawdown Timetable
* Copy of the Planning Conditions and Planning Permission
* Proof of your £ contribution to the total project cost
* Developer’s CV, Experience, and History in property development
* Details of the Main Contractor
* Details of the Project Management Team
* Details of Marketing, sales agent’s recommended selling prices, comparable prices, evidence of demand in the area
* Details of your Exit Strategy and how you intend to repay the loan if otherwise than by proceeds of sale
Commercial Development Finance:
* Available to fund mixed use and pure commercial new builds, refurbishments, extensions.
* Offices, warehouses, factory units, retail units, hotels, leisure facilities in locations with strong demand.
* Pre-lets to be in place on the developed area, eg tenancy of 5 years +.
* Prerequisite exit strategy: refinance or pre-sale.
* Maximum loan £10,000,000.
* Maximum Loan to GDV 60%, not exceeding 80% of total costs.
* Rates of interest from 9% pa.
* Funding available to experienced developers and builders with proven track record.
If we match your requirements, act now and CONTACT US for more details or to discuss your project.
We offer a free initial consultation and appraisal, without obligation.
Call: 0844 272 0067 or 07847409616
We look forward to having the opportunity to work with you.