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. 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 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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