Are you an experienced developer?
Do you have the site but not the money?
We can arrange 100% funding for your development INCLUDING THE PURCHASE OF THE LAND!
– Experienced developers of similar projects
– A target GDV of £2m – £15m
– Ideally units should have individual values under £500k
– New-build or conversions under PDR
– Multi-unit residential sites, no commercial
– Full planning permission must be in place
– Projects up to 24 months
– England and Wales
– Minimum 25% profit margin on GDV before finance costs
Interest charged at 1% per month on finance once drawn down, rolled up and no requirement for the loan to be serviced.
Profit share following the interest deductions from gross profit.
Get in touch if you have a project to discuss.
P.S. If you already own a site we can arrange 100% of the development costs on a straightforward loan basis not JV.
This is available for smaller or larger developments.
Rates typically from 6-15% pa subject to experience and loan size.