DEVELOPMENT FINANCE

ClosedBridgingFinance can provide property development finance for residential property construction. From new builds to conversions and refurbishments, we will release an agreed amount to fund land purchase with full planning permission and thereafter the remainder of the facility will be released in arrears in pre-agreed stages.

You can ease your cash flow by using our tailored development finance. We welcome applications from experienced investors or inexperienced investors who have a good team working with them.

* Typically up to 50% of Gross Development Value – sometimes higher with additional security.
* Up to 50% of the initial purchase price and 100% of development costs in agreed stages, subject to underwriting.
* Interest can be rolled up or paid monthly as agreed.
* We will consider schemes with full planning permission issued.
* Loan term from 3 to 12 months – longer term by agreement.
* Loans from £26,000.
* First Charge lending only.
* We lend in the South of England.
* Arrangement fees from 1% will apply
* Exit fees from 1% will apply.
* Interest rates from 1.25% per month
* Our appetite is for small projects (1-3 houses, 1-4 flats)

Call to discuss your proposed project, we tailor each loan facility to meet your needs. A member of our team would usually meet you on site to discuss the project in detail. Terms are issued once we have an assessment and valuation from our surveyor.

We will want to understand your cash flow projections and how the project is to be managed? Will the building contractor be supervised by an Architect or with the necessary insurance – NHBC etc? At ClosedBridgingFinance we will strive to find you a funding solution for your property development finance project.

Initial information Required:

* Location of site and type of development.
* Purchase price, build costs and estimated GDV.
* Explanation of the proposed exit route including comparables on value and rents for similar type of property.
* Loan facility required.
* Experience & background of developer (the applicant).
* Contact details of the developer/architect.

Call 08456 440 911 for a tailored illustration for your project today.