Below is an indication of our lending criteria. We also consider projects outside of our typical lending parameters.
Lending criteria:
- 55% GDV plus rolled up interest
- 100% build costs and contribution towards purchase price
- Experienced builders & developers
- Primarily residential schemes for new builds refurbishments and conversions
- Will also fund non-experienced developers in joint venture scheme
Areas covered:
- Greater London & Home Counties
- South West England as far west as Devon
- Midlands
- South Wales
- Projects outside these areas can be considered
Initial information required for an immediate decision:
- Location of site and type of development
- Purchase price, build costs & GDV
- Loan facility required
- Experience & background of borrower
- Contact details of borrower
Decision process and timescales:
- Decisions are made immediately over the phone, with the borrower invited in to meet the team as early as the same week
- Funds can be available within 10 working days of an Offer being signed subject to legal requirements.
Size of Loans:
- Loans from £200,000 to £2,000,000.
The light area of the map indicates the approximate areas where loans are available.