ALEXANDER PROPERTY FINANCE
RESIDENTIAL DEVELOPMENT FINANCE
We specialise in arranging property development finance for all limited company, SPV or Limited Liability Partnership developers and builders. We are here to help with this essential requirement.Whilst the High Street banks continue to be restrictive in granting adequate levels of development loans, we can quickly and efficiently organise finance for good housing developments, apartments, conversions and refurbishments. Agreed facilities will generally range from 50% up to 90% of all site and build costs including professional fees. In a few cases finance up to 100% of costs is possible on a profit sharing basis.
The size of deal covered is normally in the range £250,000 to £10m. and figures up to £20m can be considered. Recent financings include an £0.5m bridging facility on a newly completed property, a £2.0m development loan in support of a project for 5 detached houses, a £2.8m loan for a number of "over 55's" homes and an £11.4m loan for a large apartment building.
We work with more than seventy active lenders and our aim is to select appropriate sources of funding that will meet our clients' requirements.
In September 2018, support for residential schemes is feasible 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.
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.
Please do call in order to explore the property financing possibilities and related finance terms: Telephone David Napier on 01491 573609.
Alexander Property Finance is a member of the National Association of Commercial Finance Brokers