We provide unregulated, senior bridging loan facilities for up to 18 months to experienced developers across all UK regions, with the intention of providing the development facility once planning permission is achieved.
We support developments across the full range of property classes and provide bridging facilities against the site or property value, reflecting existing consents and permissions.
Max loan size£15m
GeographyAcross the UK
Max loan term18 months
Max LTV70% of site/property value, reflecting existing permissions and consents
Security & credit support
- First charge over existing land/property and borrowing vehicle
- Guarantee for interest from acceptable guarantor(s)
- Flexible structure available to address planning enhancement scenarios
- Interest either rolled up and payable at maturity, or to be serviced by income from existing property
Bushey Residential Development
A £7.2 million pre-development bridging facility to refinance an existing facility in Hertfordshire and prepare the site for the development of 41 residential units.
Indicative fees & interest
Leverage profileUp to 70% of existing site value
Interest p.c.m. on total facilityFrom 0.65%
Indicative fees1% of facility in
Exit fee may be waived if a development facility is agreed