South Coast developer exit
Posted by Keystone Wealth Management Ltd on 1st November 2019 -
When a developer needs to exit their development finance, an agreed exit is a useful tool. It not only extends the term to sell the remaining units, it can quite often release funds to be used on other projects so that they are not constantly “stop-starting”. This client had a particular request – no Personal Guarantees, 70%LTV and a rate of no more than 6.5%. This was extremely challenging, but I found a lender who would accommodate all of the above, at a rate of 6.25%.
Photo by Bethany Legg on Unsplash
Keystone Wealth Management Ltd
Keystone Wealth Management is a financial advisory business which can advise on pensions, investments, protection and mortgage for both individuals and corporates. We have a particular specialism in development finance, bridging finance and commercial finance.
