Types of Development Finance
- Residential property development
- Commercial / Semi Commercial property development
- Renovations / conversions/ refurbishment
- New builds
- Single unit developments to large multi-unit schemes
- Development Exit Funding or Sales Period Funding – This type of facility is similar to a bridging loan and used to finance a recently completed development whilst the units are sold.
- Regulated Development Finance – Almost all development finance is unregulated, but there are times when it needs to be a regulated facility.
- Mezzanine Development Finance
We are a primary lender specialising in real estate development financing. Every day, we contribute to the construction of more new homes across the United Kingdom. With Simply Bridging, you will have access to a dedicated team of professionals who will help you get started on your development ambitions.
We are a primary lender specialising in real estate development financing. Every day, we contribute to the construction of more new homes across the United Kingdom. With Bridging Finance, you will have access to a dedicated team of professionals who will help you get started on your development ambitions.
We offer residential and commercial development property financing ranging from £100,000 to £25 million, with maturities ranging from three months to three years. The maximum amount of money that can be borrowed is 75% of the gross development value (GDV). Depending on your requirements, the agreement can be structured with various interest roll-up and serviced debt choices. We have the expertise and appetite to lend to small to medium regional developers who frequently find that traditional lenders, such as those on Main Street, cannot assist them.
We take pride in making timely decisions with flexible conditions so you can move forward swiftly.
We can offer both Light Refurbishment and Heavy Refurbishment Finance, which includes structural changes, conversions of existing buildings such as barns, and the conversion of previously commercial property into residential apartments.
We also collaborate with several significant lenders to help fund both large and small-scale ground-up housing projects.
We speak your language, so even the most inexperienced small and medium developers can completely comprehend the various funding alternatives available to them. If you are a significant development firm, we can assist you with development capital in the United Kingdom.
Development Exit Finance, also known as ‘Sales Period’ or ‘Developer Exit’ Finance, is a new loan utilised to pay off the outstanding debt on a recently completed or almost completed Development Project.
Because there are no longer any construction risk and only sales risk, the rate is always lower than the original Development Loan, which not only saves the Borrower money on finance, but also eliminates the need to reduce Asking Prices to speed up sales to pay off the impatient Development Lender, retaining and increasing profit.
Our experienced staff simply understands the challenges that Developers face, such as not wanting to sell their sites under duress or suffer extension costs with their current lender.
Simply Bridging staff can help arrange a development exit loan quickly, giving you the time you need to promote and sell the remaining properties at the highest potential prices, maximising the project’s profit.
Experienced developers can secure 100 per cent of the project’s finance. This is referred to as joint venture development finance, and it allows the developer to fund the project without you having to put up any money.
A development finance lender or joint venture partner will collaborate with the developer to cover 100% of the expenditures in exchange for a percentage of the revenues from the sold units, often 40% to 50% of the profits, with a formal agreement in place to protect both parties.
It is usually required that the development has a 20% gross margin, and additional protection will be needed. Existing buy-to-let properties can be used as extra security. Lenders can even use existing developments that haven’t sold yet to secure the debt. The lender and/or partner accomplishes this by putting a charge on the additional security.
Simply Bridging work with various different funding partners and lenders as well as private individuals. We have worked hard over the years to establish good relationships and our experience means we can find the right lending partner who will be happy to lend to you and the subject development.
We will work with you to prepare your comprehensive lending proposal including CV’s detailing relevant development experience. The appraisal on the site including build costs and timescales, cash flow, expected gross development value versus site acquisition costs, full planning information and finally a breakdown of your assets and liabilities.
The next step is to contact us on the number below to discuss your requirements in more detail and then we can put you in the best possible position to fund your next development.
Do You Need Development Finance Advice in Lancashire?
Why Arrange development Finance With Us?
- Throughout the transaction, you will receive expert advice and direction.
- Commercial finance experts who are well-known in the industry
- Deal directly with the principal of our company.
- Highly skilled at funding a wide range of projects, particularly those that are difficult to finance.
- Modelling the feasibility of a project and presenting it to financiers in a professional manner
- Several local and international banks, organisations, and individual lenders are available.
Professional Development Finance Advice in Lancashire
Why Arrange development Finance With Us?
Simply Bridging collaborates with a variety of lenders and financial partners, as well as private individuals. We have worked hard over the years to build strong partnerships, and we’re confident that we will be able to identify the right loan partner willing to lend to you and the topic development with our knowledge.
We will collaborate with you to create a complete lending proposal that includes CVs highlighting relevant development experience. The site appraisal includes:
- Construction costs and timelines.
- Cash flow.
- Estimated gross development value vs site purchase costs.
- Detailed planning details.
- A summary of your assets and liabilities.
The next step is to call us at the number shown below to discuss your needs in greater detail, so we can put you in the best possible position to fund your next project.