Development Loans
- Non-regulated development 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.
