Development Finance in Wiltshire – Case Study

We were pleased to place this opportunity for development finance in Wiltshire where our client had a site for two detached houses in a quiet location.

Funding Headlines:

• Project Location:  Malmesbury, Wiltshire
• Project GDV:  £1,600,000
• Funding Type:  Development Finance
• Facility:  Around £600,000
• Facility Period:  18 months
• Exit Route:  Open Market Sales
• Security:  1st Charge

Development Finance Criteria

• Loan to Cost (LTC) – this can be as high as 100% in some cases
• Loan to Value (LTV) – can be to a maximum of 80%
• Facilities from over £25,000 to more than £50 million
• Maximum term typically 36 months
• Geographical area – UK wide but each lender will have their own preferences
• Development types – Each lender will have their preferred development types, sometimes only residential
• Experience – Many lenders will want to see a proven track record but some will accept first-time developers
• Finance structure – Some lenders will accept 2nd charge equity or mezzanine input

If any of the above terms are unfamiliar then you might like to read our article on finance jargon.

Are you seeking development finance?

If you have a project for which you require development finance, then contact Developer Money Market to see what options may be available.

You can search instantly here using our loan comparison platform and take advantage of our full application support.

You can also learn more about raising 100% property development funding via our YouTube Channel here.