Bridging Finance products are available which can be utilised prior to the properties being complete/ finished. In some instances, lenders can lend against the GDV figure, provided there is less than 10% of the total build costs left to spend.
We'd be delighted to help you refinance a Development Facility, to give further time to sell (or retain) the properties.
Up to 75% LTV
2% Arrangement Fee
Interest Rates from 0.58% per month
No Exit Fees (subject to a minimum 3 months term)
Minimum loan £150k
No maximum loan size
Residential properties in England only!
Equity can be released and an agreed percentage of the net sales proceeds can be released back to the developer, where appropriate and subject to Loan to Value.
It is not uncommon for us to be able to source options which other brokers do not have access to, so feel free to put our services to the test today.
