It's about understanding the market and turning that vision into a reality, yet often developers have problems getting the finance right, knowing what products are available, which lenders to use can be a major issue and of course having experts involved in the deal to ensure that they maximize profits available on any given project.
High Street Lenders will lend 75% of the property purchase price and building costs, leaving you to finance the difference, they are some of the most forward thinking High Street lenders in the market.
Experienced Developers - Enhanced Residential Development Product
- £100k – £Uncapped
- Housing projects in England, Scotland and Wales
- Most borrower types considered e.g. corporate, onshore/offshore
- Maximum term 3 years
- 75% of the GDV up to a maximum 90 – 95% of the loan to cost
- Lending above 75% LTC subject to enhanced returns e.g exit fee linked to scheme profitability (% GDV)
New Developers or without track record
- £200k – £5m
- Housing projects in England, Scotland and Wales
- Most borrower types considered e.g corporates, onshore/offshore
- Maximum term 3 years
- 60% of the GDV
- Lending above 60% GDV subject to enhanced returns e.g exit fee linked to scheme profitability (% GDV)
To help to give you a quick response to your enquiry the following information would be useful, however if you are just in planning stages feel free to call us to talk through your project;
- Location plans
- Proposed site layout
- Proposed house types
- Planning Conditions & copy of planning consent
- Sales agent's report of recommended selling prices or comparable properties
- Development appraisal
Cost analysis/ breakdown Cash flow projections Confirmation of existing services A brief background to your experience
All information will be treated in a strictly confidential manner.
