Blog post
June 10, 2020

Case studies: £2 million Development Exit finance

Since the Covid-19 outbreak hit the UK and it began to impact the property market we have been highlighting the relative security Development Exit finance offers to developers looking to ride out market uncertainty.

We’ve found that Development Exit offers our borrowers low-cost finance with rolled interest which helps give them time to face the current challenges and maintain the value of their new-builds. 

Here are examples of Development Exit finance we funded in May. 

——–

Reading

Former offices converted to over a dozen residential properties. Finance is required to consolidate debt behind one loan while the developer sells over 12 months.

Loan size: £2.18 million

LTV: 64%

——-

Essex

Finance for four properties, with the other four in the development already sold. Purpose of the loan was to repay the development lender.

Loan size: £1 million

LTV: 64%

——–

Scotland

Refinancing for seven of 11 units. Four had already been sold and three had been reserved and the finance gave the developer a further 12 months to sell the remaining. 

Loan size: £1.3 million

LTV: 65% 

——–

To secure your completed developments throughout uncertain times, get an instant quote for Development Exit finance starting from 0.55% and now with LTV back at up to 70% plus rolled interest. 

 

Luke Stevenson
Posted by Luke Stevenson
Your privacy matters
We use cookies to offer you a better experience. To understand what data we collect you can access our privacy policy and cookies policy. You can also adjust your or confirm your consent by clicking the accept button.

The cookies we use:

These are required for the operation of our website. For example, they support you to log into secure areas. You may disable these by changing your browser settings, but this may affect how the website functions.
These allow us to collect information such as how you navigate our website or if you experience errors which we can use to improve your journey.
These recognise you when you return to our website so we can personalise your content and improve your visit.