News

As all businesses continue to adapt and feel the effects of the global pandemic, financial solutions are available to support businesses of all shapes and sizes, including government initiatives such as CBILS or BBLS. New initiatives are now being offered to Developers through tailored schemes including:

Development Finance Support

Developers & House builders who require additional funding for new development projects because they have been adversely impacted by COVID-19:

• 90% Loan to Cost
• 65% Loan to GDV
• 6.60% Interest Rate
• Loans available from £50k – £5m

Government support to cover the Lender Arrangement Fee and first 12 months’ interest costs

Development Exit Support

Developers & House builders who have completed or are approaching completion but require additional time or funding and have been adversely impacted by COVID-19:

• 70% Loan to MV
• 36 months maximum term
• 6.65% Interest Rate
• Loans available from £1m – £5m

Government support to cover the Lender Arrangement Fee, first 12 months’ interest costs and Bank appointed professional fees such as valuation and legals.

The borrower will always remain fully liable for the debt.