Argyll Property Partners

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.

Our lending parameters are:

  • Residential or mixed-use project in England, Wales or selected parts of Scotland
  • The borrower to have equity available of 10% of the project cost or able to provide alternative security (planning gain can be considered as equity)
  • Planning permission already obtained or permitted development rights available
  • The total of senior plus mezzanine debt not to exceed 70% of GDV
  • GDV (gross development value) between £2m and £20m
  • A second fixed charge over the development property to be available
  • Mezzanine requirement of between £200,000 and £2m
  • A loan period of between 12 and 18 months

We also expect you to have strong experience of the market in which you are developing.

What we offer

Every scheme is assessed on its individual merits. We will analyse the financial, marketing and construction viability of your scheme 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.

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.

We make the process as easy as possible:

  • Simple interest – NO COMPOUNDING
  • Flexible rates
  • Flexible loans to value

 

Strong relationships with brokers and banks

There are a number of reasons why many of our referrals come from banks and brokers, including:

  • We are well known in the industry for responding quickly to the demands of both lenders and developers. We offer a rapid turnaround on decision making and the provision of funds.
  • Our excellent relationships with banks and senior lenders ensure a smooth interaction between us and our respective solicitors.
  • We rely on the same valuation and quantity surveyor’s reports as the bank. This speeds up the process considerably.

To discuss using Argyll Property Partners for mezzanine finance on your next development, contact us now.