Development Exit Finance
Property Finance is proud to offer a range of development exit finance product portfolio 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 – aka development exit funding – can help developers and investors refinance existing development loans, either at the end of their current loan term or at any other time deemed appropriate.
For example, a property developer may have finished their development project, but need additional time to sell or refinance the property. Rather than selling under pressure as they approach the end of the term with their current lender, the alternative is to secure a business development exit loan to provide the additional time needed to find the right buyer(s).
There are no exit fees and interest is calculated on a daily basis, enabling repayment of the loan as early as liked thus minimising overall borrowing costs.
Getting a Better Deal on Your Current Loan
With interest rates starting from as little as 4.99% PA, a bespoke development exit product 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 at an earlier stage.
Typical Development Exit Funding Criteria
At UK Property Finance, 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
Importantly, UK Property Finance will conduct a whole-market search on your behalf, helping you find the best possible deal from a specialist lender 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.