PROPERTY DEVELOPMENT AND REFURBISHMENT LOANS FROM £50,000 TO £50,000,000+
If you are involved in the building industry or make a living from Property Development and refurbishment then the good news is that funds are available for the right profitable projects. We can provide Property Development and Refurbishment loans from £50K upwards, with no real limit on the amount that can be borrowed for the right scheme.
We currently have 25 (and growing) development lenders on our panel who will finance:
- All residential Property Types – Houses,Terrace, Mews, Flats
- Mixed use schemes
- Commercial Property Development including Offices, Warehouses, Industrial Units, Retail Units, Workshops, Garages etc
- Applications should be supported by good evidence of demand in the local area.
- If properties are to be retained on completion we can provide a long term re-finance solution.
- Developments should demonstrate sufficient profitability to absorb any possible future reduction in the anticipated Gross Developed Value (GDV) of the project.
- The borrower and / or proposed main contractor should have a good track record and be able to demonstrate experience in the sector.
Under normal circumstances we provide loans generally up to 55% to 65% of the estimated GDV of the project, although for the right project this can go as high as 70%. We can also source Mezzanine Finance secured on a 2nd charge to provide additional funding, often taking the total funding for the project up to 90%. In addition, for experienced developers and if additional security is available, we can often provide funding up to 100% of all site purchase, development and finance costs. .
For free, expert advice to help secure funding for your development project please call us today or submit an enquiry and we will contact you. Our advice is offered freely, in confidence and without obligation.
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