Developer Funding
Development Finance. Targeting EPC Rating of A
Please see narrative below and note the interest difference of 2% is rebated upon completion making this a completive scheme
So this may be of interest.
Targeting flats and houses between £150k-£1.25m a piece, in liquid locations and for good developers.
We can leverage up to 70% LTGDV so have capacity to offer aggressive leverage for the right scheme.
At the tail end of last year we launched a new product alongside Homes England, specifically targeting more energy efficient and greener homes. We can give developers a 2% discount on their interest rate if they deliver an EPC rating of A. This means we could offer 70% leverage at effective rates of 5.5%, unheard of in this market.
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Development
Loan Size From £2m
Arrangement Fee 1%
Interest Rate 6.5% - 7.5% PA
Exit fee 2% of the Facility
Day 1 LTV 70%
Max LTC 85%
Max LTGDV 70%
