Specialist

Finish And Exit Development Finance

Finish And Exit Development Finance

Clifton private finance

We specialise in raising development finance on residential and commercial property transactions in the UK

We can help developers get the right mortgage & short term finance for UK residential and commercial projects.

Finish & Exit development finance is for residential development projects which have been delayed and are therefore running out of time with their existing development finance facility.

The Finish & Exit development finance allows developers to refinance their existing development finance facility, continue to drawdown funds to complete the development and gives them time to sell the units once the development is completed.

These criteria cannot be achieved under a normal developer exit but can be fully accommodated with the Finish & Exit.

Refinance of the existing development finance facility

  • Drawdown of funds to complete the development
  • Time to sell the units once the development is completed
  • A potential pre-agreed equity release once PC, final building control sign-off and new homes warranties sign-off is achieved

 

Item Terms
Max LT-GDV 67.5% (including rolled up interest and fees)
Max day 1 70% (including fees)
LTC 90% (including rolled up interest & fees)
Developer profit (minimum)   20% profit on cost
Loan Term
3-12 months
Minimum Loan Size
£500,000
Maximum Loan Size
£10,000,000
Minimum interest
7.0% p.a.
Maximum interest 11.4% p.a.
Type of scheme Residential or mixed use (up to 25% commercial by value)
Borrower type Limited companies and incorporated partnership
Fees Arrangement fee: 2.0%
Exit fee: 0.0% if the term is <6-months (1% if term is >6-months)  
Location England & Wales

Our strength is our ability to access a wide range of funding solutions from high street and private banks, specialist lenders, family offices and wealth managers. We also have connections with private investor fund groups.

Call us on 0203 900 3040 to discuss your requirements.
Recent

Property Finance Deals

Finish and exit on a London residential renovation
Area
West London
Capital Raised
£150K
Residential bridging loan to buy development site for two barn conversions
Area
Lincolnshire
Capital Raised
£150K
Finish and exit for £1.95M barn development
Area
Sussex
Capital Raised
£605K
QUICK REFURB BRIDGING DEVELOPMENT LOAN FOR HNW LONDON LANDLORD
Area
Islington
Capital Raised
£653K
Development exit finance before practical completion on 4 Suffolk houses
Area
Suffolk
Capital Raised
£924K
£1M-Plus Development Finance in Essex to Finish and Exit
Area
Essex
Capital Raised
£1.1M

More Opportunities »

Contact Us

Mortgage For Property Development

WHEN DO YOU USE FINISH & EXIT DEVELOPMENT FINANCE?

The Finish & Exit can be used when a developer does not qualify for a traditional developer exit and the scheme falls into one of the following scenarios:

HOW TO ACCESS FINANCE FOR YOUR DEVELOPMENT PROJECT

At Clifton Private Finance, our strong relationships with private banks, specialist lenders, family offices and wealth managers, means that we can look at the widest range of funding available to find the best business finance solution for your development.

With offices in London, Bristol (Registered Office) and Cardiff we are authorised and regulated by the Financial Conduct Authority.

Call us on 0203 900 4322 to discuss your requirements.
What Our

Clients Say

Latest

Property Finance Deals & Insight

NEWS: New Homes To Be 30 Percent Cheaper For Local First Time Buyers
The UK Government is launching a new scheme designed to give first time buyers a leg up onto the property ladder by offering a con...
14-02-2020
How to get a joint mortgage with a non-UK national partner or spouse
Couples where one partner is not a UK national are often keen to settle in and establish a home in Britain. But getting property f...
13-02-2020
NEWS: Commercial Property Boom Forecast in 2020
A newly published study from financial specialist Together has predicted that 2020 will be the start of a two-year boom for the co...
12-02-2020
How to Get A Foreign National UK Mortgage
International investors buying a desirable home in London, or a high-yield rental property in regional UK, face a few more ch...
11-02-2020
View More »
Get in Touch

If you have any questions about our services or want to start making things happen please contact us