Struggling To Raise Development Finance?
Check out the benefits of Collective Investment Schemes, a viable alternative source of much needed capital.
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Development Finance
Projects in London, SE, Home Counties and other Super Prime Areas
GDV £2m - £6m
Interest - 0%
Profit Share - Bank 60/40 Developer
Family housing
Apartments (London only)
Arrangement fee - Bank 1% + Monyy 1%
Exit fee - 0%
Gross Profit Margin must show - 25% on total cost
An incredible product - No developer equity required! No interest charged!
If you are an experienced developer with a proven record of accomplishment but are currently constrained by lack of available funds, here is a lending product that will get you back in the action – 100% residential development finance.
Lenders will back sites with full planning permission ready to go that can show a 25% gross margin on total costs. Together you will create a new SPV and enter into a JV development agreement for the site. The lender will 100% fund the land purchase, SDLT, professional fees and all construction costs (must be on a fixed price contract), whilst you provide the development experience.
Lenders stress test your proposal by automatically down valuing your projected GDV by 5% and still expect it to return 25% on total cost, so only the best and most profitable schemes will be accepted. Look for off market or distressed deals where margins are often higher, every day plain vanilla opportunities will not excite interest from the lender.