Development Exit Finance
UK Property Finance Ltd is proud to offer a comprehensive range of development exit finance product portfolios for investors and developers. Suitable for a wide variety of applications and with rates starting from as little as 4.99% PA, we can help you find an unbeatable development exit loan from a specialist lender you can count on.
What is Development Exit Finance?
Development exit finance is a funding vehicle offered by lenders, to give developers and investors a refinance solution to repay existing development loans.
When a property development project is complete, developers may need additional time to either sell or refinance the project. Rather than selling under pressure as they approach the end of the term with their current lender, an alternative is to secure a business development exit loan which will provide additional time needed to find the right buyer(s).
With this type of loan, interest is calculated on a daily basis, meaning that if you repay the loan early you can bring down overall borrowing costs. There are no exit fees for development exit finance.
Let Us Help You Get a Better Deal on Your Current Loan
With interest rates starting from as little as 4.99% PA, an individually tailored development exit loan could prove significantly more competitive than your current loan. If you are unhappy with the interest rate on your existing agreement, you could consider switching to a development exit loan with a much lower APR.
Whatever your planned exit strategy, it may be possible to save money and reduce fees by considering development exit finance from the onset.
Typical Development Exit Funding Criteria
Development Exit Funding Criteria
At UK Property Finance Ltd, our flexible approach to development exit funding enables us to create bespoke solutions for every investor and developer we work with.
Key criteria for development exit loans includes the following:
- 75% maximum LTV
- Target loan size £1m to £10m (but will consider less)
- Max loan repayment term 24 months
- 1% to 2% fee
- Rates start from as little as 4.99% p.a.
- No exit fees or early repayment charges
- Adverse credit cases considered
- Facilities for first time developers
- Option to roll up or retain interest
- Available in England, Scotland, Wales and Northern Ireland
- Obligation-free initial advice and support
UK Property Finance will conduct a whole-market search on your behalf, in order to find the best possible deal from one of our specialist lenders here in the UK. With no direct brand ties or affiliations, we are able to provide 100% honest and impartial advice for the benefit of the clients we work with.
Book your obligation-free consultation with a member of the team at UK Property Finance today – we are standing by to take your call.