Speed and flexibility

We offer borrowers speed, flexibility and an understanding of the residential market. And, as we enjoy excellent relationships with senior lenders, our involvement is seamless.

Every project is assessed on its individual merits. We will analyse the financial, marketing and construction viability of your project to establish if it fits within our lending criteria. In doing so, we will look at the project timeframe, your past experience and the availability of senior debt finance from a bank.

For all loans, we also expect you to have strong experience of the market in which you are developing.

Our finance offer will be structured to accommodate your particular transaction. All projects are different and we strive to ensure that the funding package works for you and your senior lender.

Lending parameters

Ground-up developments

Our lending parameters for loans of between £250,000 and £2m per project are:

  • Residential or mixed-use project in England, Wales or selected parts of Scotland
  • The loan periods are normally between 12 and 18 months
  • Mezzanine requirement of between £250,000 and £2m
  • The total of senior plus mezzanine debt up to 75% of the completed end value
  • Planning permission already obtained, or permitted development rights available
  • A second fixed charge over the development property to be available
  • In normal circumstances the borrower to have equity available of 10% of the project cost, but lower levels of equity will be considered dependent on the risk profile. Planning gain can be considered as equity, as well as alternate security

Smaller projects and refurbishments

Our lending parameters for loans of between £75,000 and £250,000 per project are:

  • Residential or mixed-use project in England, Wales or selected parts of Scotland
  • The loan periods are normally between 6 and 18 months
  • Mezzanine requirement of between £75,000 to £250,000
  • The total of senior plus mezzanine debt up to 75% of the completed end value
  • Planning permission already obtained or permitted development rights available
  • A second fixed charge over the development property to be available
  • In normal circumstances the borrower to have equity available of 10% of the project cost, but lower levels of equity will be considered dependent on the risk profile. Planning gain can be considered as equity, as well as alternate security

Easy process

We make the process as easy as possible:

  • Simple interest – no compounding
  • Flexible rates
  • Flexible loans to value

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