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

  • Max loan size
    £20m
  • Geography
    Across the UK
  • Max loan term
    18 months
  • Max LTV
    75%
  • 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)
  • 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.

View Recent Loans >

Indicative fees & interest

  • Leverage profile
    Up to 75% of GDV
  • Interest p.c.m. on total facility
    From 0.65%
  • Indicative fees
    1% of facility in
    No early repayment fees

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