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Property Development & Refurbishment Loans

If you are involved in the building industry or make a living from the development / refurbishment of Residential or Commercial property then the good news is that funds are available for the ‘right project’. Loans are provided from £100K upwards.

Key Underwriting Criteria

  • All residential Property Types can be supported – Houses , Terrace, Mews, Flats
  • Applications should be supported by good evidence of demand in the local area
  • Mixed use and Commercial Schemes can be supported subject to satisfactory ‘exit’
  • Developments should demonstrate sufficient margin to absorb any possible future reduction in the anticipated Gross Developed Value (GDV) of the project.
  • The borrower should be able to demonstrate a good level of experience in the sector.

Under normal circumstances funding can provided to a total exposure in the range 50% to 65% of the estimated GDV of the project. In some exceptional cases for experienced developers we can provide funding up to 100% of all site purchase, development and finance costs and we can also introduce Mezzanine Loans to provide top up funding.

For an informal discussion on how can assist to fund your Development Project - Please call us today on 01902 89 22 42 to see how we can help or submit an enquiry and we will contact you.