Development Exit Loans - Out of the Ground
We are a Development Exit Loan Lender - No Broker Fees, Funding Rate from 0.57% p.m., Max LTV 75% of MV, Release Money for Your Next Site!
Why take a Development Exit Loan?
- Your relationship is not working with the Lender, and you may wish to change lender
- Your Lender has stopped paying drawdowns; for example, they didn't have the funds available to meet their obligations
- You are running out of time to complete the project, due to unforeseen delays; and your Lender may not be wiling to extend the term of the loan. If they are, they may propose to charge you unreasonable fees, or an increase in interest rates
What are the Development Exit Loans Terms and Conditions?
- No Broker Fees
- Interest rates from 0.9% per month
- Max LTGDV 65%, LTC 80%
- Rolled Interest
- Adverse credit considered on a case by case basis
- No minimum size, maximum size £5 million
- 1st Charge
- Residential properties: Flats, houses, HMO's etc.
- Properties in England and Wales
- Multiple security welcomed
- Corporate or individuals, for business purposes
- Debenture and Personal Guarantee for Corporate
- Foreign Nationals welcome: Directors from EEC, US, Canada, Australia, New Zealand, Singapore, and Hong Kong