DEVELOPMENT FINANCE

Development Finance Overview

When it comes to Development Finance of any size or complexity, our  team of experts can assist your clients with projects in almost any sector, including; Offices, Retail, Industrial, Hotel and Residential Investments.

Loans available up to £250 million.

Our experienced team maintain long-established close relationships at the highest levels with a wide range of lenders, including specialist, retail & private banks, and family offices.

Every enquiry is manually researched, sourced and underwritten by our team on a case-by-case basis.

Residential Development Schemes

Up to 70% LTGDV (Loan to Gross Development Value) – lenders typically charge c.10% pa, with a 1% arrangement fee & 1% exit fee.

50% to 60% LTGDV –  typically charge c.5.5% and c.8% pa,with 1% arrangement fee & 1% exit fee.

The above LTGDVs are usually restricted by the ‘Loan to Cost’, which cannot exceed 90% of the total project costs (unless further security is available).

Commercial Development Schemes

Provided a ‘pre-let’ is in place, then similar LTGDVs and charge rates as above.

Lenders are usually able to provide an interest roll-up facility within their gross loan, typically for a term of up to 36 months.

In terms of recourse, most (but not all) lenders require a minimum cost overrun allowance and interest shortfall guarantee.

For full access to Black Book’s Development Finance services, either:

Call us on 0800 651 6511 or enquire online

 

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Intermediary Testimonials

First impressions...outstanding! My call was answered promptly, and then handled very professionally. I got back options for an SME client that I didn't even know were possible, in just 20 minutes! The client was clearly impressed, as was I. If case processing is as good as enquiry handling, then this will be a winning service. So far so good Black Book!
Frazer Horton, Edward Frazer