Property Development Finance - GMC Finance

Property Development Finance

June 4, 2024

Structured Finance is accessible for up to 90% of the comprehensive project costs, encompassing both Site and Development Costs, with Development & Refurbishment Loans ranging from £50,000 to £50 million exclusively for UK projects. Our competitive rates start from 5% per annum, offering loan terms up to 36 months.

Recognized as the premier Development Finance Specialists in the UK, we leverage our own syndicated funds and collaborate with over 30 Active Lending Partners. We deliver professional services, ensuring affordable property development finance for Residential and Commercial projects across the UK.

Under specific circumstances, where additional security is provided, we have the capability to secure loans up to 100% for both site purchase costs and property development finance.

Key Features:

Eligible Projects:

Residential new build projects.

All property types, including flats, apartments, semi-detached, and detached.

Residential refurbishment and major conversion projects.

Short-term loans for minor property refurbishments and makeovers.

Bridging Finance for Auction Purchase.

Commercial, Industrial, Office, and mixed-use developments.

FAQs:

Who can borrow?

We cater to experienced Builders and Property Developers, as well as those embarking on their first project with the support of a recognized and registered builder.

How much can you borrow?

Property Development Loans are available from £50,000 up to £50 million. Senior Debt finance can cover up to 60% of site acquisition costs and up to 100% of development costs. Mezzanine finance is also available, allowing additional funding up to 90% of the total project costs.

What other costs are involved?

Independent assessment and verification of the project’s Gross Developed Value (GDV) and all development/construction costs are essential. These valuations and professional services, along with legal expenses, are at the expense of the borrower.

What interest rate and fees will you pay?

Interest rates start from 7% per annum, depending on the amount borrowed. Rates are generally tied to the overall loan-to-GDV requirement. Facility set fees are agreed upon at the project’s commencement.

How to secure a formal offer of property development finance?

Provide basic information about yourself, your background, and the development or refurbishment project through our online enquiry or by calling our office. Our advice is free, impartial, and without obligation.

For a confidential discussion on your property development finance requirements and same-day ‘in principle’ terms, contact our highly experienced team at 0845 838 1954, submit an online application, or request a call back. We are committed to working with you to successfully complete your project.

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Office location

Tel Mall Cumberland House Grosvenor Square Southampton SO15 2BG

Email Address

hello@telemall.com

Phone Number

0188 8587 233

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Growth Business

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Let’s Get In Touch

Office location

Cumberland House Grosvenor Square Southampton SO15 2BG

Email Address

info@gmcfinance.com

Phone Number

03303209609

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