We help clients secure development funding for speculative residential building schemes: and that includes flats as well as houses.
We’ll work closely with you to compile a comprehensive pack of information. The better your proposal, the higher your chance of securing finance for your development. Because we’re independent, we can approach the whole of the market. So we’ll talk to our contacts in high street banks, building societies, and private banks, as well as specialist lenders.
We are able to source finance for new build, conversion or refurbishment developments including mixed use and student accommodation.
Although most lenders are looking for developers with experience, we can also assist inexperienced developers.
We don’t charge upfront fees. And we continue to work on a no success, no fee basis even though the development funding market is often more challenging than others.
Some of the funding options that may be available to you:
Senior debt up to 60% of the gross development/resale value of the completed units. This typically equates to 70%-80% of total development costs – land, construction, professional fees, and interest, etc.
Mezzanine/equity finance to provide up to 90% of total project costs.