Development Exit Finance

Development Exit Finance

We provide development exit finance when developers aren’t yet ready to exit their existing development facilities but require additional funds to complete the project and exit via a sale or refinance. Our loans offer the opportunity to buy more time to finish your project.

Why choose us...

Immediate decision in principle

Immediate decision in principle

Residential bridging finance specialists

Residential bridging finance specialists

Commercial & mixed-use bridging finance specialists

Commercial & mixed-use bridging finance specialists

Completion possible in 10-14 working days

Completion possible in 10-14 working days

 

Who can apply to refinance their development loan? 

As long as your asset(s) are in the UK our property development exit finance is open to both UK and foreign nationals including onshore and offshore borrowing vehicles.

So whether you are an individual, trading limited company, SPV limited company, or charity, as long as you are the legal property owner, or will be once the property transaction has completed, then we can obtain the funding you require without delay.

 

Lending Criteria

Loan to value (LTV):
  • up to 75%

Charge:

  • 1st only

Loan term:

  • 3 to 12 months

Location:

  • England, Wales, Scotland & Northern Ireland

Loan amount:

  • £26,000 to £25m

Interest options:

  • serviced, retained, rolled-up

Interest rates:

  • from 0.75% per month

Decision:

  • immediate

Completion:

  • 10-14 working days

Exit strategy:

Shaun Taylor

Shaun Taylor

Head Of Business Development

Add to contacts

Speak with me today, I’ll help structure the right development exit finance deal for you

No ifs no buts I’m here to help. We work fast and ensure your goals are achieved - regardless of your circumstances.

Book a call 02037 807610
Development Exit Finance

What can it be used for?

  • Refinancing your development
    when you're not yet ready to exit
  • Extending a loan so you've time
    to market your development
  • Buying time to enable a sale
  • To leverage the new current value of your
    development project to obtain a better rate

Get started

Cut through the red tape with our hassle-free application process. We can typically confirm almost immediately whether your finance application is likely to be successful.

Contact Us 02037 807610

Frequently asked questions

What is development exit finance?

Development exit finance (also known as sales period finance) is used to pay off any outstanding loans on a development that has recently been completed or is nearly completed. This is typically a short-term, speciality bridging finance that is issued at a cheaper rate than your project's existing development loan.

How much development finance can I get?

The amount you can borrow is determined by the project's gross development value (GDV). The GDV is the estimated value of your development once it is completed. Lenders often offer 60-70 percent of the GDV and 75-80 percent of the total cost of the project, however some lenders are able to offer up to 100% with additional security.

How does property development finance work?

Property development finance is a short-term loan for residential, commercial or mixed-use property developments, such as construction projects, and is typically advanced as a loan for land acquisition and a loan in stage payments for development costs. 

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