Over the years the directors have amassed a huge amount of experience in the field of property development funding. Deal sizes funded range from modest levels to many millions, covering single property projects to mixed use residential and commercial schemes.
Various structures can be implemented into the deal dependent upon client experience, deal size, industry sector and nature of the proposal.
Bespoke lenders are prepared to consider a funding proposal geared against Gross Development Value (GDV) rather than the traditional funding percentage against costs. This provides for 100% of build costs, interest costs and fees and if the land is purchased shrewdly, quite often a significant contribution toward land costs.
Through actual experiences, we have sourced lenders prepared to fund up to 100% of the total costs of a scheme. The introduction of mezzanine finance provides the ‘top slice’ funding, sometimes negating the need for any owner equity to be injected. Whilst this may be more expensive than High Street bank debt, assuming build costs can be controlled and time scales adhered to, comfort for the developer can be gained from the fact that all financial requirements are covered off.