Development Exit Finance & Additional Development Finance

One of our professional introducers introduced a client to us needing to refinance a development facility that has run its course, the developer has completed 10 apartments in a Grade2* listed building with the potential for further development opportunity. Valued at £4,285,000 the property consisted of 10 completed apartments and planning for a further 5 properties under a limited company. The refinance was under a strict deadline, adding pressure to secure a suitable funding solution promptly.

Our extensive network and deep understanding of development exit property lending allowed us to identify a lender who was not only willing to refinance the existing commercial loan but also able to release the money to complete the final phase of the development and repay the existing development lender. Furthermore, we negotiated a highly competitive interest rate that aligned with the client’s financial goals.

The solution resulted in a £2,967,500 loan on a 9 term on month term giving the developer time to sell the properties or retain some or all to add to his portfolio. For the development exit element, we were able to obtain a rate of 0.89% per month and a further £900,000 development facility if required at a rate of 0.99% per month. This arrangement enabled the client to efficiently pay off the existing lender, stabilising their financial position and securing the long-term profitability of their asset.

This case demonstrates our capability to navigate complex lending scenarios and deliver tailored financial solutions that meet specific client needs, even under challenging conditions.