Stretched senior development finance offers a higher leverage, compared to senior development finance, typically taking the gearing to 70%-75% LTGDV or 90% LTC, whilst still only taking a 1st charge against the property.

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This type of product works well for experienced developers who are looking to take on multiple projects and who want to make their money spread that little bit further.

 

Rates are typically slightly higher than senior development finance but can still work well within a profitable scheme.

Stretch senior lending can be a great tool to a developer and if you would like to know more about this, then please get in touch.