Finance for Property Refurbishment Projects

If you are involved in the building industry or make a living from Property Development and Refurbishment Finance, then the good news is that funds are available for profitable projects which fit criteria. Finance for Property Refurbishment Projects are provided from £50K.

Under normal circumstances we are able to provide loans equivalent to 70% of the estimated GDV of the project. For experienced developers we can often provide funding up to 100% of all site purchase, development and finance costs, when additional security is available. We can also introduce Mezzanine Loans secured on a 2nd charge to provide any additional ‘top up’ funding.

A summary of current key underwriting criteria:

  • All Residential Property Types supported including houses,terrace, mews and flats
  • Applications should be supported by good evidence of demand in the local area
  • If properties are to be retained on completion a long term refinance option can be provided
  • Mixed use and Commercial Schemes can be supported subject to a demonstrable demand on completion
  • Developments should show sufficient margin to absorb any possible future reduction in the anticipated Gross Developed Value (GDV) of the project
  • The borrower or proposed main contractor should have a good CV and be able to prove they have experience in this sector.
Contact Us today to discuss your property development and refurbishment projects.