We offer Residential Development Loans to Developers and Contractors with an established track record, on projects located in London, the South East and other major regional centres and their commuter belts.
Funding is extended for the construction of multi-unit schemes including houses, apartments, new builds and conversions, on projects with full planning consent. If your project requires planning consent, please see our Bridging facility.
We offer loans on the following criteria:
- Stretch Loans from £5m - £25m
- Maximum loan to cost - 90%
- Maximum loan to value - 75%
- 12 - 24 month terms
- Security required including a first legal mortgage and guarantees
- Lending to English, UK registered companies and limited liability partnerships