Advert ID:2688 / Type:Business Service Offered / Sector:Finance / Location:United Kingdom
Development and Construction Finance
Opportunity Summary
Development Finance
Positive Commercial Finance is the specialist broker for Development Finance. We can facilitate funding of up to 100% of the land purchase costs and up to 100% of the development costs. This is typically betweenRespond to this opportunity% of the total project costs.
We pride ourselves on our flexible funding solutions and together with our provision of specialist funding for short term property transactions, we will do all we can to help you grow your business.
Loans are available for Residential Developments, Residential Refurbishments, Residential Conversions, Mixed Residential/Commercial Schemes, Residential Bridging and Commercial Schemes.
Interest can be rolled up, where the interest is not paid monthly but added to the loan and paid and the end of the development.
Interest rates would depend on the development, the builders experience and the amount of capital introduced to the development by the developer. The higher the lender considers the risk, the higher the interest rates will be. The higher the loan to value the funding is, the higher the cost. Pre-sales may help reduce the cost of borrowing.
Loan sizes are from £50k to £250m.
Facilities are generally between 6 and 18 months.
1st legal charge is required.
Directors Personal Guarantees may be required.
Pick up the phone now or send us an email to outline your proposal – we will give you a no obligation quote within an hour
- Type of Business Service:
- Commercial Finance Bokers
- Years Established:
- 1
- Availabilty and Rates:
- Rates on a case by case basis
- Experience and Skills:
- Wide range of experience over 15 years
- Qualifications:
- ACCA
- Work Experience:
- 15 year
- Work Examples:
- Development Finance arranged for many developments
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