Development Finance
Development Finance is used for construction projects, the majority of these projects will be to create new houses and apartments but it can also include commercial units, mixed-use transactions (eg a retail unit on the ground floor of a building with apartments being developed above) and larger scale conversions eg offices to apertments etc.
At Able we work with a number of specialist lenders in this sector and are able to structure a facility best suited to the clients needs now and in the future.
Product Features
- Market Leading Rates ( Interest rolled up )
- Max Loan £20 million
- LTV - 90% LTC including 100% of Build not to exceed 70%of GDV
- Mezz Funding
- Stretched Senior
- Equity
- JV,s
- Experienced Professionals