Whether you an experienced property developer, or someone looking at a first-time project, our team of specialists will be able to negotiate excellent terms from our extensive panel of lenders.
We can arrange structured lending up to 90% of the overall project costs (site cost + build costs) for all types of projects, whether large or small. From a single new house, to larger scale housing developments and blocks of apartments, we have all the funding solutions.
Loans are available from £50,000 to £25,000,000 with terms up to 36 months
Here are some examples of projects we can fund:
• New blocks of apartments
• Warehouse conversions
• Residential housing
• Single house, or barn conversion
• Construction of additional storey on existing block
• Commercial projects
• Mixed use – retail units with flats above
• Industrial units and offices
First-time developers are welcome – you don’t need experience as long as a team of professional builders is contracted, who can provide one of the recognised new-build warranty schemes, such as NHBC or Premier Guarantee.
Normal funding arrangements would be between 50% – 60% against site purchase, or site value, plus up to 100% of build costs. A pre-agreed draw down of funds is made at various stages throughout the build process to assist cashflow. In some cases, we can provide ‘top-up’ loans or Mezzanine finance, as it’s known. This can increase the overall funding to 90% of the total project costs, including site purchase.
All loans are individually assessed and lending terms are therefore bespoke. In order to obtain best terms for your project, call us now on 0117 223 2050 and speak to an adviser.