Following the successful introduction of our 90% residential development property finance package, we are now pleased to introduce our new funding, offering up to 100% of total project costs including interest roll-up

Click here for full pdf development property finance brochure

which offers 90% of total project costs including interest roll-up in return for between 10% and 13½% of profit

This structure has been designed to meet the demand from experienced residential property developers.

Some of the benefits:

Click here for full pdf development finance brochure

Pre-let developments

Hand in Hand
Provides up to 100% development finance. This is achieved by creating an exit for the development lender by way of a pre-committed long term investment loan from a separate lender. The lenders work ‘hand in hand’ using the same solicitors and valuer to create a seamless transfer on practical completion.

A quality development lender and a quality long term investment lender

Here's how it works:

You wish to develop a property which is pre-let to a reasonable covenant.

The long term investment fund commits now to lend once the property is ready for occupation - for any period up to 30 years (subject to tenant lease length).

The development lender funds the site purchase and construction costs.

The two lenders work as one using the same valuers and solicitors to complete the paperwork and create a seamless transfer between lenders on practical completion of the property.

Advantages:

• The development lender can commit to a higher gearing (up to 100% of costs) based upon the guaranteed commitment from the investment lender.

• The development lender charges from 1.5% over costs of funds - competitive for development funds.

• The long-term investment lender charges from 0.9% over costs of funds depending on the size of the transaction and the quality of the pre-let.

• The long-term loan can be topped up still further at drawdown if the income is there to service the borrowings.

• The combined fee is more competitive than using two separate funds.

• Rapid response.

• Much less hassle.