Development exit loan
We provide unregulated, senior bridging loan facilities for up to 18 months to experienced developers across all UK regions, with the intention of refinancing development funding on practical completion whilst the property is marketed for sale.
We offer facilities against residential schemes that are new to market, with flexible repayment terms
so developers can pursue the most appropriate marketing strategy for the scheme.
Key features
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Max loan size£20m
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GeographyAcross the UK
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Max loan term18 months
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Max LTV75%
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Security & credit support
- First charge over the property and borrowing vehicle
- Assignment of key collateral warranties
- Guarantee for interest and costs from acceptable guarantor(s)
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Finance structure
- Interest either rolled up and payable at maturity, or to be serviced by income
- No early repayment fees
Recent Project
Merseyside Care Home
Loan: Development Exit
Amount: £11,000,000
Sector: Care home
Location: Merseyside
An £11 million development exit loan to finance two newly-developed care homes in Merseyside, supporting the developer during their initial operational phase. Jointly comprising 160 beds, the care homes provide high-quality residential care, including dementia and special needs care, for the surrounding community.
Indicative fees & interest
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Leverage profileUp to 75% of GDV
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Interest p.c.m. on total facilityFrom 0.65%
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Indicative fees1% of facility in
No early repayment fees