Property Development Loan Case Studies
Over the years we have helped many property developers obtain finance. Here are a few interesting sample cases.
Property development loans are a specialist form of finance that require detailed knowledge to present the best case to a development lender. Therefore it is always advisable to use a broker to package any application and obtain the best deal.
We have lenders from all tiers of funder, we always target the lowest cost option unlike other non-specialists who may use only a single lender! Our case studies demonstrate our expertise in this sector!
- A developer approached us for a new build development project in the North East. We arranged a "low cost" £400k property development loan with a high street bank. At the end of the project we arranged a series of Buy To Let Mortgages allowing the developer to move onto their next project.
- A developer had gained planning permission for a block of flats but had no money for the development. We arranged a 100% facility to take out the current lender and fund the development, loan size £650k.
- A London customer required a 90% facility for the development of 13 Mews style houses, we arranged an exit fee based facility of £4.2m giving a significant increase in profits to a developer against a "profit share" offered elsewhere.
- An IFA approached us to help one of their clients who required more cash for his development than his local banks would offer. Using one of our banking contacts we were able to obtain the customers full £560k requirement.
- A luxury property developer with cash tied up in other developments approached us for 100% funding. We were able to arrange mezzanine funding of just over £1m on a straight bridging loan basis and no profit share.
There are several tiers of property lender who may be able to fund any given project. Contact us on-line here or call 01223 211 613 to find out if finance could be available.
We are able to assist property developers funding projects where cash & profitability meet lenders criteria in the development finance marketplace.
As "property development loan brokers" we have successfully arranged the funding of many construction deals for our developer clients in the past. Here are just a few case studies that you may find of interest [more details].