Whilst this market has become much less fluid over the last few years, ICF Group has strong relationships and access to a number of specialist lenders in this field, especially where there is an identified exit to the development site - such as pre-sold or pre-let properties or where we can obtain approval of complimentary facilities to refinance the property at practical completion.
Typically finance is available to around 50-60% of the Gross Development Value (GDV) of the property and, subject to allowances for finance costs to be met; this can sometimes help release up to 100% of the actual development costs of a project.
We often ally this type of finance to release of equity from other property to help provide a package of support that provides the total funding for the scheme.
Our residential mortgage service is often used by residential property developers to help provide mortgages to the buyers of the homes they produce.
Call us on 01482 638300, or e-mail rich@icf-group.co.uk, to discuss your needs.
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ICF Group |
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Tel: 01482 638300 |
Fax: 01482 638302 |
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