Development finance to 90% of cost at low rates
Residential Property Development Finance
Now available through a new funding line:
General Criteria for this lender:
• London and areas within a 90 minute commute
• Up to 24 months
• Loans from £1million to £8 million
• Typical borrowing cost 9.6% to 12% per annum with flexibility on structure
• Max loan to cost 90% (including finance and costs)
• Max loan to value 75% (including finance and costs)
The above terms meet a very specific requirement in terms of project type, size and gearing – much lower rates are available for lower loan to cost requirements, smaller loans, funding in other areas of the UK, first time developers etc.
