Development Loan

We provide unregulated, first charge development facilities for up to 36 months to professional developers across all UK regions and covering the full range of property asset classes.

Key features

  • Loan size
    £10m to £50m
  • Geography
    Across the UK
  • Max loan term
    36 months
  • Max loan to GDV
    70%
  • Max loan to cost
    85%
  • Security & credit support
    • First charge on the property and borrowing vehicle
    • Cost overrun guarantee from acceptable guarantor(s)
  • Construction criteria
    • Ground up or conversion of an existing building
    • Typically JCT Design and Build Contract
  • Finance structure
    • Interest rolled up and payable at maturity

Recent Project

Colchester and Leicester PBSA

Loan: Development
Amount: £25,000,000
Sector: Student accommodation
Location: Colchester and Leicester

Development facilities totalling £25 million to finance two purpose-built student accommodation developments in Colchester and Leicester. Jointly comprising 383 beds, the residences will help meet demand for new, high-quality student accommodation at the University of Essex and De Montfort University.

View Recent Loans >

Indicative fees & interest

  • Leverage profile
    Up to 70% of GDV
  • Indicative margin of SONIA
    From 4.5% p.a.
  • Indicative fees
    From 1.25% of facility in
    From 1.25% of facility out

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