• Funding for the refurbishment, conversion or build of residential and commercial property.
• Funds are available to assist in the purchase of land as well as up to 100% of build costs.
• Interest rolled up to assist cash flow.
• Exit route required.

This sector has been affected the most in the current economic climate with many lenders withdrawing from the sector, and those who remain, prefer to lend to experienced developers only.

Case Study

A limited company wanted to buy a derelict house on land for £550000, then demolish the property and build three new large detached houses worth £500000 each.

Funding of £385000 was agreed to assist in buying the land with £470000 (100% of the build costs) also being agreed. The funding was drawn down in stages against architect’s certificates.