As a developer cash is king and having enough of it to capitalise on a new opportunity is key to success. Until now 80% of our new developers have only sourced senior debt funding from traditional high street banks and they have encountered difficulties with getting the funding they need within the time frame it is needed.
With little appetite for speculative residential development funding these high street lenders will initially say “this is of interest” but then you will face obstacles and hurdles and 6 months later you still have no decision.
We understand that each client may have different priorities and these are just some of the options we can offer.
|Loan Size||Max LTC||Max GDV||Pricing||Max Term||Exit||Lender fee|
|£500k- £25m||90%||75%||12% pa||24 mths||Nil||2.00 %|
|90%||70%||11% pa||24 mths||Nil||2.00 %|
|90%||65%||10% pa||24 mths||Nil||2.00 %|
|90%||60%||9% pa||24 mths||Nil||2.00 %|