Development Finance & Real Estate Funding
Development Finance and Senior Debt is available for the following purposes:
- Residential developments
- Commercial developments
- Mixed use developments
- Conversions and refurbishments.
- Land with planning permission
- Funding available – facilities typically range from £0.5m to £250 million
- Lending on average up to 60% of GDV (Gross Development Value)
- First charge from 65% and more, dependent on project and location
- Facilities usually provide 100% of construction costs, professional fees and interest
- Borrowers should have appropriate expertise and financial standing
- Facilities are provided for terms appropriate to the project, up to 24 months.