Senior development finance
Senior development finance is the most typical type of development finance and is used to finance a range of property developments from new builds to conversions.
Senior development finance is typically geared at either 60% or 65% LTGDV. The loan is typically structured with the bank funding 100% of the cost of the works and a portion of the purchase price. Loan sizes vary from £100,000 - £100,000,000, with rates varying depending on the type of project and the leverage.
There are many development finance lenders out there and it is key to pick the right one for your project and personal situation. We are here to help you work through this decision.
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Willow Isle Capital formally trades as Canbert Property Ltd, company number - 07913953 and is registered at 35 Frensham Road, Portsmouth, Hampshire, PO4 8AD