Are you looking for a facility that offers 100% development finance for BOTH purchase costs and build costs! We can help!

Most development companies offer maximum loan to value’s of 80% of the purchase price and, in rare cases, 100% build cost. Why not fill in one of our application forms giving a summary of the specific development you are looking at and we can do a quick appraisal of the development and help give you the funding you need.

Many brokers and lenders will say the best you can get is 80% of the purchase price and maybe 100% of the build costs – give us a try and you will be pleasantly surprised.

You will also find that many brokers charge commissions in excess of 2.5% of the total loan facility – so if you lend £300,000, you can expect to pay them £7,500 for the privilege of finding you a lender. We only charge a flat rate of £1000 per successfully funded project!

How does it work?

In most cases lenders require a minimum 15%-20% deposit towards the purchase price of a development property. The Gross Development Value (GDV) or end value of the property is then considered and the total facility is offered based on a % of this end value. So, if you have a development which will be worth £500,000 when complete, you will ordinarily be offered up to £375,000 as a loan facility which will cover both the purchase price (less your required 15%-20% deposit) and the build costs.

What we have access to is a facility whereby in cases where the purchase price and build costs (including financing and interest costs) are within the 75% of GDV figure, you can usually get 100% financing for both the purchase and build costs. Even better, is that the monthly interest figures and facility fee can also be added on to your loan facility which can virtually eliminate your cash input and allow you to leverage your money and investment. This is especially suited for people who have little or no cash available but have an eye to spot development opportunities!

What does it cost?

Each development will have a different set of risks and factors to consider. The typical facility fee is 2.5% of the loan facility and interest rates can range from 1.25% up to 1.95% per month, depending on the level of lending you require. The more you lend, the higher the interest rate you will be charged, however, on most lucrative development opportunities the finance costs and interest charged will be only a small percentage of the overall development. The important thing is finding a financing facility that works for you and lets you make money from your developments.

Want To Know More?

Download our free "How To Make Money With 100% Development Finance" report that explains all you need to know about 100% Development Finance.