Blog post
June 30, 2022

Case study: From development to development exit

Explore our bridging and development rates, contact your regional BDM and get instant quotes.

Development details:

1 June 2021

Location: Maidenhead, Berkshire.

Loan amount: £555k

LTGDV: 65%

Purpose: Purchasing a site to construct one detached ground-up unit. Facility split into a £249k land loan and £272k construction loan.

—-

Development exit details: 

1 June 2022

Location: Maidenhead, Berkshire.

Loan amount: £600k

LTV: 70%

——

An experienced, repeat borrower, that initially approached us for the funds to secure and construct a brand new, bespoke detached unit in a high-demand area. With a GDV of £855,000 and a solid track record of success, we were happy to support the initial acquisition and construction facility. 

After the project reached practical completion, they came back to us for a Development Exit loan, as they looked to extend their facility for the short-term and raise additional capital to secure another piece of land.

As this was an internal product transfer, and a borrower with a long-standing relationship, the development exit loan was provided at 100% of the original purchase price.

Explore our bridging and development rates, contact your regional BDM and get instant quotes.

LendInvest Group
  1. About us
  2. Careers
  3. Blog
  4. Newsroom
Mortgages
  1. Our Products
  2. Documents
  3. For intermediaries
  4. Contact
Capital
  1. Our Products
  2. How we manage risk
  3. Contact
Shareholders
  1. Shareholder Centre
  2. Reports & Results
  3. Regulatory News
  4. Share price
Follow us

This website is operated by LendInvest plc. LendInvest plc is a public limited company registered in England and Wales (No. 8146929). Registered Office: 8 Mortimer Street, London, W1T 3JJ.

For borrowers, borrowing through LendInvest involves entering into a mortgage contract secured against property. Your property may be repossessed if you do not keep up repayments on your mortgage.

LendInvest Funds Management Limited is a private limited company registered in England & Wales (No. 07667749) and is a wholly owned subsidiary of LendInvest plc. Registered Office: 8 Mortimer Street, London, W1T 3JJ.

All arrangements relating to the management of investments in alternative investment funds are undertaken by LendInvest Funds Management Limited, authorised and regulated by the Financial Conduct Authority (FRN: 624223). For investors, income and capital repayments are not guaranteed. Don’t invest unless you’re prepared to lose all the money you invest. This is a high risk investment. LendInvest Loans Limited is a private limited company registered in England & Wales (No. 09971600) and is a wholly owned subsidiary of LendInvest plc. Registered Office: 8 Mortimer Street, London, W1T 3JJ.

LendInvest Loans Limited is authorised and regulated by the Financial Conduct Authority (FRN:737073). Borrowing through LendInvest Loans Limited involves entering into a mortgage contract secured against property. Your property may be repossessed if you do not repay your mortgage in full.

Homepage
Privacy policyTerms & conditionsModern Slavery Act Statement
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: