Non-regulated development loans with funding available throughout England and Wales.
All business sectors considered.
Funding can be provided to individuals, partnerships and limited companies.
Interest can be rolled up subject to the maximum LTV exposure limit.
Terms from 6* to 24 months.
Rates from 0.65% per month* over the Bank of England Base Rate.
Exit fee 1% of the peak debt drawn throughout the term of the loan.
Loan size from £250,000 to £10 million.
Up to 70% Loan To Gross Development Value (subject to underwriting)
Up to 80% Loan To Costs.
Transactions that fall outside our guidelines may be considered on a discretionary basis.
Security – first legal charge over preferred security and personal guarantee.
* Minimum 6-month interest term.
* The monthly equivalent of the annual Bank of England Base rate will be charged in addition to the quoted margin.
* Rates can vary subject to full credit underwriting and are case specific.
