Latest Development Finance Deals

Joint Venture Scheme - 100% Development Funding

• 100% of costs paid
• £2m to £7m
• Return on costs required is 33%
• No Interest and No Developer Liability

Lender One – Development Funding

• £500k - £20m
• Terms from 12 – 18 months
• 55% of GDV
• 1.5% arrangement fee
• 1% of GDV as Exit Fee
• Interest: 4-6% over LIBOR
• Interest Rolled-up
• England & Wales only

Lender Two – Development Funding

• Max Loan £1,00,000
• No more than 9 residential units
• Term: Maximum 12 months
• Interest: 4% over BOE Base Rate, with a collar at 5%, thus 9%
• Interest Rolled up
• Arrangement Fee: 3%
• Exit Fee: 2% of GDV
• England & Wales only

Lender Three – Development Funding

• From £3m
• Up to 60% LTC
• Up to 3 year terms.
• Interest from 3% above LIBOR
• 1% Arrangement Fee
• 1% Exit Fee

Lender Four – Development Funding, will consider part complete sites

• Up to £3m
• Up to 65% of GDV, inc 100% build, some fees and interest roll-up
• 1.5% commitment fee
• 3% exit fee
• 4% over 3 month LIBOR subject to a minimum of 7% pa
• No apartments

Lender Five – Mezzanine (not bridging)

• Focus on sites in South mainly
• £500,000 minimum lend
• Will fund 20% of total costs for Mezz deals
• Project must show 25% Profit

Lender 6  - Development Funding and Bridging             

• From £250k to £1.25m
• No more than 5 units
• Up to 70% of GDV (including interest roll-up)
• Interest from 8% PA
• 1.5% arrangement fee
• No exit fees
• Apartments only considered in Gtr London. England & Wales only. 

Lender 7   - Fast Development Funding

• From £100k to £1m (with larger cases considered individually, up to a maximum of £3m)
• Up to a maximum of 50% of GDV
• 100% of build costs and up to 50% of purchase costs, plus interest roll-up
• Interest from 0.99% per month
• 2% commitment fee
• No exit fees
• Not for schemes further North than the Midlands
• Maximum number of apartments considered is 4.

Lender 8  - Development Funding

• From £250k to £2.5m
• Up to 50% of GDV in senior debt plus an additional 10% at mezzanine rates (subject to a maximum of 75% of costs)
• Interest from 6% over bank base rate (currently 1.5%) subject to minimum rate of 7.5% for senior and 25% per annum for mezz.
• Arrangement fee 1.5%
• Exit fee  1% to 1.25% of sales proceeds.
• No apartments. 
• England & Wales only.

Lender 9  - Development Funding - Including Commercial

• From £25k to £500k
• Up to 65% of GDV
• 1 to 24 month terms
• Arrangement fee 1%
• Interest 1.25% pcm
• Exit fee 1%
• England & Wales only. 

For a quick quote click here and then please fill out the enquiry form.