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Development Finance

Spread your capital further

We lend more
than banks

Both against the gross development value and the total project costs; which allows our borrowers to spread their capital further and maximise their return on equity too. Leverage is available up to 75% LTGDV and we fund up to 90% LTC.

Our development finance loans are available nationally and for a multitude of purposes, including: small to medium size house building, permitted development schemes, non owner-occupied refurbishments, mixed use developments, PBSA, hotels and logistics.

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Spread your capital further

LTGDV

Up to 

75

%

LTC

Up to 

90

%

Up to 55%

Up to 75%

Up to 65%

Up to 90%

Bank

VS

Zorin

VS

Rates

The following information is intended as a guideline only (regions may vary)

Maximum LTGDV (1)

75%

Interest Rate Per Annum

From 5.00% plus BOE

Maximum Loan Size

£150,000,000

Minimum Loan Size

£5,000,000

Maximum LTC

90%

Arrangement fee (2)

1%

Exit Fee

From 1%

Maximum Term

36 months

Interest Payable on Exit

Yes

Minimum Interest Payable

Case-by-case

(1) Including interest and fees | | (2) Rolled into loan 

Criteria

01

Borrowing vehicles: UK SPVs. Non-UK SPVs subject to legal review

02

Residential & non-residential uses

03

Planning gain considered towards borrower equity contribution

04

No planning risk taken if land is the only security

05

No bankruptcies, outstanding CCJs or poor credit

06

Proven track record: requisite experience required

07

Subject to satisfactory due diligence

08

Build costs drawn down in arrears against Q.S. sign-off

09

Security by way of 1st ranking legal charge

10

Typical security package to include: first ranking fixed charge over the property, debenture over the SPV, charge on SPV shares

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