Development Exit Finance
Acquiring your site and developing it to completion will always have challenges to overcome. But, to realise your hard work and capital, the properties need to be sold.
In a perfect world all have been pre-sold, but realistically there may be considerations that need to be made on current loan, next site, or timings.
Key Features
Development exit/sales period finance can be used for a variety of different reasons. You may have reached the end of a loan period, want to release capital for your next project, or are on a high rate. Development exit finance can help replace your existing funding with affordable short-term finance. Some of the key points are:
- 80% LTV
- Release the capital in your site
- A percentage of sales can be held back for the developer
- Rates from 0.55% pcm
- Create more time in order to sell
- Fully-structured, bespoke debt advisory
- All asset classes considered (Prime/com/resi)
- All UK and certain EU jurisdictions considered
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Development finance is a great way of funding a project, however, what happens if you’re coming to the end of your agreed loan period, and you haven’t been able to raise the repayment funds yet, or need your capital that is tied up to purchase your next site?
Development exit finance could help you cover the costs at a more affordable rate, ensuring you can complete the sale of the property in your own time and under no pressure. There’s no need to rush or take an offer with your current funder that is unsuitable if they are prepared to extend.
Interest will be fulfilled rolled up and higher LTV’s are available, so cashflow is kept at a minimum until the site is sold. The site doesn’t have to be completely finished, meaning it can work as a build loan to complete minor works to enable sale.
Why use us?
Trust builds relationships, relationships create results
We can advise on a solution, cost, timings etc from the initial consultation. We can also act quickly to source the funding you require with unrivalled knowledge of the market and process. We assist you through the application and deal with relevant professionals
We’ll present a detailed and compelling overview of the opportunity, its market opportunity, strategy, and capital structure, tailored specifically to the target recipient. With decades of experience in the industry, we act as a financial consultant for your business
There is a not a fixed asset class we cannot structure short-term finance for. Including, but not restricted to, office, retail, PSBA, residential, hotels, industrial, renewables or mixed-use portfolio
An unparalleled offering - Clients with a requirement to access to all fund types to meet their lending needs. From family offices, institutions, international/specialist banks, pension funds, private funds, and other providers