Property Development

Financing development projects in the present economic climate can be difficult. B2B are experts in presenting development projects in the best light to lenders helping you achieve the best terms.

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Property Development

A Property Development Loan is a specialist short term secured loan, often provided on a stage payment basis.

Property Development Lenders look for:

  • A developer with previous experience.
  • An excellent business plan, with clear break down of costs, timescales for each stage and realistic end valuations.
  • Ideally you already own/or can fund the purchase of the land, but require the finance for the build.
  • Planning permission in place.

If a loan is approved, the lender will appoint a professional, either an architect or a surveyor as the job requires to sign off the work done at each stage, prior to drawing against the loan. Lenders usually like to maintain a situation where they have advanced no more than 60-70% of the value of the project at any time as value is added. Once a development is completed the Property Development Loan will either be extinguished by the funds from the sale of the development or by a term mortgage based on the final valuation of the property.

You should expect the fees charged for Property Development loans to be higher than would be charged for a standard commercial mortgage, because there is ongoing management time required on the lenders part to monitor the status of the development.

For larger developments, typically over £2 million, we can obtain mezzanine finance and private equity finance, where lenders will take a profit share in the development.

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Features

  • Interest Roll-up  No Monthly Repayments
  • Staged Payments from the lender
  • 100% of build costs where land is owned
  • Max term 18 months
  • Mezzanine Finance Available
  • Private Equity Finance available for larger schemes
  • Award winning - 2015 Commercial Mortgage Introducer of the Year

Moneyfacts Awards 2015 Highty Commended - Commercial Mortgage Introducer of the Year

Moneyfacts Awards 2016 Finalist - Commercial Mortgage Introducer of the YearMoneyfacts Awards 2016 Finalist - Commercial Mortgage Distributor of the Year

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Some of the lenders we work with

Santander
The Royal Bank of Scotland
Lloyds Banking Group
Norwich & Peterborough
Shawbrook Bank
Natwest
Business Moneyfacts Award 2015 - Highly Commended - Commercial Introducer of the Year

Legalwebb UK Ltd T/A B2Bmortgage is authorised and regulated by the FCA for Credit Brokering including Consumer Buy to Let permissions. Ref: 734694


B2Bmortgage operates as a Commercial Finance Broker and is not a Lender. B2Bmortgage is a full member of the National Association of Commercial Finance Brokers (NACFB) under membership number
08/0045CM and operates under its code of practice.