100 Per Cent Property Development Finance

Posted by Restore Finance on 31st March 2021 -

100% Property Development Finance

If you don’t have the readily available cash/assets to fund your next development but know that it’s a project not worth missing out on... then this product is for YOU!

We have two lenders who will fund 100% of the acquisition and build costs of your development!

Key Details:

• True 50/50 profit share - no fixed exit cost. The profit share is with the borrower after total GDC (including finance costs).

• No personal guarantees

• No valuations

• No borrower cash input

• Fully funded acquisition and build

• One of our lenders ask for a minimum debt size of £1m - this requires a minimum of 30% return on GDV

• The other lender asks for a minimum GDV of £10m - this requires a minimum of 27% return on GDV with a maximum facility of £2.5m GDC

• Maximum term of 15 months

• Interest charged at 1% pcm - this is charged on funds drawn

 

How it works? The security is held in a subsidiary of the lender with a JV agreement with the borrower.

If you have a project you’d like to discuss, please get in touch by emailing [email protected].