DEVELOPMENT EXIT

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

LOAN: £350k - £5m

LTV: Up to 75%

TERM: Up to 12 months

INTEREST: Retained, Part-Serviced or Serviced

RATES: From 0.65% pm (typical)

ARRANGEMENT FEE: 2% of Gross facility

EXIT FEE: Nil

VALUATION & LEGAL FEES: Market rate

Works

The development must be at least 80% complete

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