For professional use only.
Development Finance – “Stretched Senior”
Flexible funding for experienced professionals developing property in London and the South-East.
Please contact Client Services for guidance or further information.
- Minimum deal size: £5 million
- Maximum loan term: 36 months dependent upon construction term
- Funding available up to 100% of costs or 75% of GDV
- Equity going in on day one from developer to cover the full deposit and fees etc.
- PGs will be required
- Buoyant / liquid locations in London and the South-East England
- Experienced / professional developers only
- Fortwell Capital will not usually take any planning risk (exceptions apply – enquire for details)
- Developments with multiple units preferred (less appetite for large single units of high value)
A lending decision in principle and indicative pricing can be achieved by providing the following:
- High level executive summary of the scheme
- Scheme area and number of units
- Exit value assumptions
- Cost assumptions
- Development and sale programme