Our lender offers 100% joint venture development finance for residential projects with a minimum debt size of £1m to a maximum of £7m.
The property will be held in an SPV owned by the developer, with funds lent to the SPV for 100% of the costs of the scheme. When all of the units have been sold, the remaining profit, after all borrowing and costs have been paid, is shared 50/50between the developer and our lender.
The lender requires the projects profit (before interest an
One of our panel lenders has introduced a new product whereby they will offer 85% of the purchase price if you can fund the refurbishment costs yourself.
Loan Size: £350k - £1.5m
LTV: Max 85% of the OMV
Interest Rate: From 0.79% per month
Exit Fee: None
Term: Max 15 months
Location: England and Wales Get in touch