ALEXANDER PROPERTY FINANCEFORRESIDENTIAL DEVELOPMENT FINANCE
As at October, 2017, support for residential schemes has extended throughout the country and we are able to introduce lenders who will welcome consideration of attractive projects. The key element being that developments should be well located with likely good demand for the finished product and an anticipated profit return for the development of around 20% or better relative to total costs.
As an example, at 90% finance the loan facility will most likely cover all of the build costs, professional fees, interest roll up and the majority of the site cost.
Developers and builders using a company name are most welcome to contact us to talk through the financing of any prospective scheme. There is no cost in doing this or in receiving a quote indicating anticipated loan terms.
Bridging Finance can also be established in relation to property funding requirements for up to 18 months with interest rates from 0.59% per month.
Alexander Property Finance is a member of the National Association of Commercial Finance Brokers