Bridging Finance

Development Exit

For developers with completed schemes to refinance on more favourable terms and allow more time to sell at an optimum price.

Loan Size

£250k - £5m

Loan Term

1-12 months

MAX LTV

75%

Arrangement Fee

2%

Exit Fee

None

Set Up Fee

None

Interest Method

Retained, Serviced, Part-serviced

Property

Residential, Commercial, Mixed-use, HMOs.

Works

The development must be at least 80% complete

Charge

1st and 2nd charge

Tenure

Freehold and leasehold with at least 55 years remaining on lease.

LTV %

Rate (%pm)

>55

0.65-0.79%

>60

0.70-0.85%

>65

0.75-0.89%

>70

0.79-0.90%

>75

0.90-1.05%

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