Alexander Property Finance Ltd For Residential Development Finance
     Alexander Property Finance LtdFor Residential Development Finance

Alexander Property Finance  for Residential Development Finance:

We specialise in arranging development finance for all limited company, SPV and LLP developers and builders. Whilst the High Street banks continue to be restrictive in granting adequate levels of development loan, we are able to quickly and efficiently organise finance for good housing developments, apartments, conversions and refurbishments.  Agreed facilities will generally range from 50% to 90% of all site and build costs, including professional fees. In a few cases finance up to 100% of costs may be possible on a profit sharing basis.

A key element is that the development should be well located with likely good demand for the finished homes and an anticipated profit return for the development of around 20% or better relative to total costs.

 

How we help:

We work with more than 50 active lenders and our aim is to select appropriate sources of funding that will meet our client's requirements.

As at July 2017, support for residential schemes has extended throughout the country and we are able to introduce lenders who will welcome attractive projects.

As an example at 90% finance the loan facility will most likely cover all of the build costs, professional fees, interest roll up and the majority of site costs. The size of deal covered is normally in the range of £250,000 to £10m and figures up to £20m can be considered. Recent financings include a £2.5m loan in support of an 8 apartment project, a £2.8m loan for a number of "over 55's" homes and £11.4m for a large apartment building.

All developers and builders using company names/SPV's and LLP's are most welcome to contact us and to discuss the financing of any prospective scheme. There is no cost in doing this or in receiving a quote indicating anticipated loan terms. We are usually able to provide indicative finance terms within 2 or 3 days of receiving the project details.

As broker we do not charge any up front fee, nor do we seek a fee in the event we are unable to secure the required funding. Our fee is often included within the lender's fee structure and is always transparent and openly advised.

Please call  or email in order to explore the property financing possibilities and related finance terms.

Bridging Finance can also be established in relation to property funding requirements for up to 18 months with interest rates from 0.59% per month.

Please call in order to explore the property financing possibilities and related finance terms: Telephone David Napier on 01491 573609.

Or Email: alexpropertyfinance@btinternet.com

Alexander Property Finance is a member of the National Association of Commercial Finance Brokers

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