Property Development Finance
Nature of loans
- Residential development – up to 100% of costs of work available
- Residential refurbishments
- Residential conversions
- Mixed residential and commercial schemes
- Commercial & Industrial Schemes
- Commercial Office Blocks
- Mezzanine Finance up to 3rd Charge available.
Loan size
- Minimum facility – £50,000
- Maximum facility – No Maximum Limit
Loan period
- Facilities are set up for between 6 – 36 months and are renewable.
Amount of costs funded
- New build schemes – we will usually fund 75% of the acquisition and 100% of the construction costs.
- This is typically 75-80% of the total project costs.
- Refurbishments/conversions – we will usually fund 75% of the acquisition and 100% of the costs of work.
- Property Development Finance can be structured by way of Bridging Loan should client require it.
Interest rates/fees
- Interest rates fixed for the duration of the loan, to be agreed according to the development.
- Commitment fees: From 1% – No fees payable if an offer is not issued.
- Interest Rates either linked to Base or Libor, either on Per Annum or Monthly tailored to suit specific development.
Geography
- Loans in England, Scotland and Wales, Northern Ireland Considered
