Residential Development Finance ~ Property Development Finance ~ Commercial Development Finance

•  UP TO 75% OF PURCHASE COSTS, INCLUDING STAMP DUTY & LEGAL COSTS
• UP TO 75% OF REFURBISHMENT COSTS
• BANK OF ENGLAND BASE RATE LOAN

CASE STUDY

• NEW PROPERTY PURCHASE PRICE £180,000
• PURCHASE COSTS (SDLT, LEGALS & VALUATION) £2500
• TOTAL COST OF PURCHASE = £182,500
• LOAN FACILITY OF 75% OF PURCHASE PRICE = £136,875
• REFURBISHMENT COSTS £30,000
• LOAN FACILITY OF £75% = £22,500
• ENTIRE COSTS FOR PURCHASE & REFURBISHMENT = £212,500
• FUNDING AT 75% = £159,375
• CLIENT CASH CONTRIBUTION = £53,125 

 

SMALL RESIDENTIAL DEVELOPMENT FINANCE

MAXIMUM 6 UNITS

MAXIMUM LOAN SUB £1 MILLION 

65% OF TOTAL COSTS

BANK OF ENGLAND BASE RATE OR LIBOR LOAN

INTEREST ROLL UP FACILITY SUBJECT TO A MAXIMUM LOAN OF 55% OF THE GROSS DEVELOPMENT VALUE 

 

EXPERIENCED DEVELOPERS FACILITY  

MAXIMUM LOAN UP TO 80% OF COSTS

UP TO 65% OF GROSS DEVELOPMENT VALUE FOR HOUSING ASSOCIATION PRESALES

UP TO 55% OF GROSS DEVELOPMENT VALUE FOR HOUSES

UP TO 50% OF GROSS DEVELOPMENT VALUE FOR APARTMENTS (DEVELOPMENT MAX 20 APARTMENTS)

PREVIOUS EXPERIENCE OF COMPLETING & SELLING A MINIMUM OF 2 OR 3 DEVELOPMENTS IS REQUIRED

 

 

COMMERCIAL DEVELOPMENT

PRELET DEVELOPMENTS - UP TO 80% OF COSTS, MAXIMUM LOAN UP TO 65% OF GROSS DEVELOPMENT VALUE 

 

To discuss your Residential & Commercial Finance Options please contact Stuart Buchanan on 07879 432868 or email stuart@bifonline.co.uk