When development exit finance helps
Development loan maturing
The current facility is due for repayment before all units have sold.
Slower sales market
More time is needed to achieve the right prices.
Releasing equity
Capital is needed to start the next scheme.
Moving to rental
Units will be let and refinanced onto longer-term finance.
What lenders usually want to see
- Practical completion: or a clear timescale to it, with sign-off certificates.
- Unit values: valuation and sales evidence for the completed units.
- Sales progress: reservations, exchanges and marketing strategy.
- Existing debt: the amount needed to redeem the development lender.
- Exit: sale of units or refinance onto term lending.
Talk to us about your project
Tell us about the property, the amount you need and your timescale. We will review the funding route, shape the exit strategy and package the case for suitable lenders.
Start your enquiry