Fast and flexible property development finance to turn your vision into
reality...
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Up to 100% of acquisition and development costs!
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Funding for
property refurbishment and new-build projects
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Funding for residential and commercial projects
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No experience necessary
As a property investor or developer, the right development finance can help you move fast when a
site has been identified with planning permission or planning potential.
Property development finance is typically structured on an interest only basis with a loan term of a few months
to one year plus depending on the size and nature of the project.
Rates vary and are dependent on the developer's experience, the property sector and nature of the
project.
Former hotel to be converted into luxury flats after £1.33 Million
funding...
Ian Minton, managing director
of Mossland Homes has secured funding from our short term commercial property lenders to
transform a former hotel into an exclusive residential development of 19 luxury
apartments called The Mosslands.
Situated in an affluent Wirral suburb, the historic building will be converted by the property
company who will be working hard to maintain its original features and character. The structure
will remain unchanged and no demolition will take place, although an expansion has been planned
which will compliment the style and the traditional feeling of the ornate building. Acting as the
flagship development, The Mosslands development will be a welcomed addition to the leafy suburb and
is due to be completed by February 2007.
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Combining flexible lending criteria and competitive rates...
When assessing business development finance for property, different lenders
will take a different view on various aspects of a project. For example, some traditional lenders will only
fund projects within certain geographical areas and others will only consider experienced
property developers.
Our experience has shown that all commercial borrowers value an open-minded and flexible lender.
Development finance is no different and we have partnered with lenders who understand a developer's needs and focus
their resources on meeting them with fast turnaround time's, competitive rates and 100% funding.
£10 Million development goes ahead thanks to cash injection...
A Liverpool entrepreneur
has started laying the foundations to a new, £10million residential development, thanks to a
cash injection from our short term commercial property lenders. Work has already started on
site for local property developer, Jimmy Hearity, after gaining planning consent to build 58
plush residential apartments on Moss Street. The two bedroom apartments, which will boast
hardwood floors and contemporary fixtures and fittings throughout, are located in Moss Street
(near the Royal Hospital), an up and coming area of the city. The short term loan was secured
against planning consent on the plot of land at Moss Street. From start to finish the deal
took a little under ten days to complete.
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Get a lending decision in hours and funds available in days...
We understand the need for a quick decision and a speedy completion and are able to
act accordingly.
Provided we are supplied with sufficient and accurate information we can obtain a
decision in principle for your project in hours and have funds ready for release in days. The average timescale is
seven to fourteen days depending on legal work.
Professional landlord secures £800,000...
A very experienced and well
established landlord with 53 properties in a mixed commercial & residential portfolio was
looking to release funds and maximise his gearing to fund new purchases initially for 100% of
purchase price. He was multi-banked with borrowing of £1.7m against portfolio value of
£4.5m. Lending was agreed at a margin of 1.5% on an
£800,000 purchase price at 85% LTV including a forward buying facility of £1,000,000 for
future purchases. Clients now have over £3,000,000 of facilities with the
lender.
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Top five questions about property development finance...
If you have a question about business development finance for property that is not answered here, please
complete the enquiry form on the contact us page.
- How quickly will I get a lending decision?
An agreement in principle can be
provided within 24 hours.
- How quickly can the offer letter be issued?
Typically within 24 hours of the
agreement in principle.
- What percentage of site purchase and development costs can you advance?
Up to 70% of site purchase and up to 100% of development costs.
- How long will it take to receive the funds?
The average time is two weeks but
can be within days if all legal aspects are handled quickly.
- Are there any fee's or other costs involved?
Nothing is payable until
a formal offer letter is issued. On acceptance a commitment fee is payable which is typically 1%
of the agreed facility.
Contact us for free development finance advice without obligation...
We can arrange a property development loan for both residential and commercial developments ranging from
small projects requiring tens of thousands to more complex ones requiring millions in funding.
If you've found it difficult to secure development finance to suit your needs, have been turned down by
your bank, had credit problems or the need for accounts is a problem - complete the form below without cost or
obligation.
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Funding for most projects
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Up to 100% of costs financed
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Fast and flexible lending
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Submit your priority development finance enquiry
here...
Please complete the form below and an adviser will contact you within 24 hours to discuss
your development funding needs without cost or obligation.Your details will only be
used to contact you about your finance enquiry and are protected by the Data Protection
Act.
Thank you for your interest in business development finance for property.
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