FAQ's

We work with developers of all different sizes and  experience. Whether you are a first time developer or an experienced  player undertaking a large project – we can help find the right  solution.                

This depends on the nature of the project, its  profitability and your background and experience. It will also depend on  your appetite for risk and how much you are willing to pay for funds.  We can structure deals – including subordinated debt – at up to 90% of  the total project costs and if you have other sources of asset security  this could even be as high as 100%.
 

We can also access funding on a joint venture basis when a developer has  no cash to put in but has a viable project and a strong track record –  where profits are shared with the finance provider.                

This generally depends on the amount you wish to  borrow but rates can start from less than 6% per annum for lower risk  projects and will generally be related to the loan to value (LTV) of the  project. Our broad market access and relationships mean we can find  attractive financing for the right deals.                

It is usually necessary for the property, the project  Gross Developed Value (GDV) and all development/construction costs to  be independently assessed prior to the loan facility being formally  approved. These valuations and professional services, as well as legal  costs are expenses of the borrower. If you are drawing down the loan in  several tranches (as the project develops) further valuation costs may  apply.                

Our lenders can provide decisions very quickly (often  in a day or two) so the valuation and other advisors usually drive the  timing. We can work with you to select the right advisers and to ensure  the lenders have everything they need to.                                 

Short-term loans or 'Bridging finance' is typically  secured on either a first or second charge basis on an asset with a  readily realisable value.
This may be: 

• freehold or long leasehold property
• Land and development sites
• Other assets such as jewellery, cars, art etc.

We can arrange finance for anything from £10,000 to £25 million.                

It depends on the complexity but funds could be in  your bank account in 48 hours or less if other professionals (such as  valuers can be lined up).                

Set up fees will generally be 1-3% of the loan amount  and interest rates typically range from 6-18% depending on the asset  type, your credit history and so on. Rates have been improving over time  as the market becomes more competitive so please get in touch to  discuss the best terms available.                

Yes – interest only loans are available                

Yes – we can access facilities where the interest is rolled up and paid at the end of the loan