Trinity Specialist Finance has access to lenders offering residential development finance for new build and commercial projects, property conversions and major refurbishments.
Some of the most competitive providers will lend up to 100% of development costs, equating to a maximum of 70% gross development value (GDV).
Funding can be found for experienced developers across the UK, and we have access to providers which will consider those who have less of a track record.
Key features of development finance
- Competitive rates
- Loans from £500,000 to £25 million
- Funding available up to 100% of costs and 70% Gross Development Value
- Interest rolled up or charged monthly
- Personal guarantees typically required
More funders are looking into the property market as a way of generating a better return on their own money. So, there is more competition to attract clients and the cost of finance is coming down.
There is still a strong attraction to lend into the prime areas of central London and Surrey, but development funds are available for projects throughout the United Kingdom. There is particular focus on cities such as Birmingham and Manchester.