Address : |
117 Linacre Road |
| Litherland, Liverpool. L21 8NS | |
Telephone : |
0151 944 1555 |
Fax : |
0151 944 1000 |
Mobile : |
07734 388 426 |
Web : |
www.themoneytreegb.co.uk |
Email : |
info@themoneytreegb.co.uk |
Property Development Finance advice available from The Money Tree
|
|
Here at The Money Tree, we also specialise in providing residential and commercial property development finance for both residential and commercial property developments across the spectrum from multi million pound commercial property developments to residential property developments costing tens of thousands of pounds. |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
Property development finance rates differ dependent on the applicants experience, the industry sector and the nature of the proposal but a good benchmark to consider would be Bank Base Rate + 1.25% to 2%.A property development loan is usually arranged on an interest only basis and the term of the loan can be one year plus depending on the size and nature of the underlying project.Loan to project costs will be influenced by projected gross property development values but funding would typically be in the region of 70% to 75% of the purchase price and build costs.It is also possible to organise a loan to finance up to 100% of the property development costs where the borrower already owns the land on an unencumbered basis. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
Where the property developer is able to improve the planning consent post acquisition, we are able to negotiate increased levels of funding which recognise higher land and gross development values.Mortgages for Business negotiates finance requirements with a full panel of property development lenders and other financial institutions to provide the right 'match' to the project.We offer a full range of development finance options at every stage of the development process. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
Check out Goldilocks, The 3 Little Pigs, The Big Bad Bank Manager and what The Money Tree did to help them here. |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||
Typically, the maximum senior debt finance achievable will be equal to 75% of total costs. However it is important to consider our ability to re-gear finance against planning gain/enhanced value at the project end, therefore vastly increasing finance potential. In short, we can finance on the increased value of the property post development.For experienced property developers with a strong track record 100% of build out costs can be obtained. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
We have access to providers of mezzaine finance and equity participations that can reduce the amount of development capital that is required to inject into individual property development schemes. Whilst terms will often differ significantly from senior debt finance, this does provide a developer with an opportunity to enhance returns from individual development projects.Where appropriate long-term property finance can be arranged to provide 'exit' from initial, short-term development finance. Mortgages for Business are also specialists in both Buy to Let and Commercial mortgage markets. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
Our skills base is spread across both residential and commercial property development finance. For commercial development schemes we can arrange finance with pre-lets, on pre-sales, or development for owner occupation.Crucially, we provide full assistance with initial residential and commercial property development appraisals, to ensure projects are viable to development lenders. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
Typically, commercial and residential property development mortgages arranged by us for clients range from £250,000 to £25m. For further information on property development of all forms visit RICS Property Development Finance website which includes a number of useful property development surveys and recent news.Follow this link for further information on residential property development and planning permissions |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
If you have any questions or would like to know more about how we at The Money Tree can help, call us on:
0151 944 1555
and one of our mortgage advisors will provide all the help you need.
The Money Tree - Branching out to your brighter future.... |
The Money Tree (GB) Ltd is an appointed representative of The Mortgage Times Group Ltd 279 Tottenham Court Road, London W1T 7RJ. |
Which is authorised and regulated by the financial services authority No. 303007. |
Website Developed By NetwiseIT.com