Residential Development Funding
Development finance for new build houses Development finance for new build apartments Development finance for refurbishment and conversion projects
Up to 100% residential development finance is available for the construction of houses and apartments across England and Wales. CD Property Finance arranges residential development funding for large housebuilders as well as for smaller developers providing bespoke housing to very discerning buyers. Refurbishment and conversion finance is also available.
Mezzanine Funding
Mezzanine finance is a useful tool for a property developer or investor that has some equity (cash) but not enough to satisfy a bank lender. Mezzanine funding is used to top up the borrower's equity. The following is an example of how mezzanine finance can be used where a loan of £1,000,000 is required but where the borrower only has £150,000 of readily available cash to put towards the project:
£650,000 - bank finance - secured by a first mortgage
£200,000 - mezzanine finance - secured by a second mortgage
£150,000 - borrower's own equity
£1,000,000 - Total Project Cost
Please contact us on 01428 684452 or email and see how we can help your residential development finance requirements.
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