If you are building 1 or more properties from the ground up or conducting a large redevelopment of a property, then you require Property Development Finance.
Acceptable schemes include:
Customers are usually builders who are constructing themselves, or can be project managers/professional developers who have brought in a builder in to complete the scheme on their behalf. Acceptable customer types include: Sole Trader, Partnership, Limited Company (Ltd) or Limited Liability Partnership (LLP).
Development experience is always preferred, however first-time developers can also get finance.
We can finance:
We have access to joint venture finance providers and some High Net Worth private individuals who can get involved on a profit share basis.
Standard financing is available up to 70% of the completed property value (GDV).
Loan terms are usually capped at 2 years and interest rates are quoted monthly. Pricing can vary dramatically, ranging from 0.5-2% per month.
Speak to one of our team. We are here to help