Fast and flexible property development finance to turn your vision into reality...
- Up to 100% of acquisition
and development costs!
- Funding for property refurbishment and
new-build projects
- Funding for residential and
commercial projects
- 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. However, a good
benchmark would be 1% to 3% above the Bank Base Rate.
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 call us on 01246 414413 or
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 - call Cash4Business on 01246 414413 or complete the form below without cost or obligation.
- Funding for
most projects
- Up to 100%
of costs financed
- 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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