Development Finance
We specialise in providing development finance for both residential
and commercial property developments across the spectrum from small
residential developments to multi-million commercial developments.
Property development finance rates differ dependent on the applicant's
experience, the industry sector and the nature of the proposal.
Development Finance is usually arranged on an interest only basis
and the term of the loan can be one year plus depending on the size
and nature of the underlying project. In addition, interest can often
be "rolled up" to be repaid at the end of the term agreed.
Loan to project costs will be influenced by projected gross development
values but funding can vary from 60% to 80% of the purchase price and
build costs.
In some cases, it is also possible to organise a loan to finance up
to 100%. In other circumstances, an agreed percentage of the end value
of the development can be made available at the outset.
We can also give you access to property refurbishment schemes, which
allow you to borrow up to 90% of the purchase price of a property.
Once refurbished, the property can then be re-valued and re-mortgaged
based on the enhanced value. This can be up to 85% loan to value. This
allows you to recoup any outlay while retaining the property as a long-term
investment vehicle.
As one of the leading independent specialists in this highly complex
area, you can be rest assured that you will access to the best lenders,
most innovative products, and the most competitive terms.
Specialist Funding arrange structured finance for businesses within
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