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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.

CASE STUDIES

Horsham - £620,000 for single luxury new build house. A loan of 80% of cost arranged in October 2008 and drawn down in February 2009.



 Watford Development
   
 

Rochester - £2,000,000 raised for development of 12 contemporary houses following client improving the planning consent. A loan providing 100% of costs was achieved on senior debt terms with a modest exit fee.

 
   
 East Grinstead - £2,700,000 funding raised for the development of 14 luxury flats including 2 magnificent penthouses. Over 95% of funding costs were raised with the developer retaining the great majority of the profit.
   
 

Maidstone - £1,560,000 raised for the redevelopment of a former public house where planning permission had been granted for 8 new houses.  The bank provided 80% of the costs of the project on attractive terms and, importantly, agreed also to fund the VAT on the purchase pending refund from HM Revenue and Taxes.

 
   
 Bedford - £1,800,000 raised over two sites for five executive houses in total. Loans providing over 80% of costs were achieved through a major UK bank at senior debt marginsCrawlet Development
   
 

Tonbridge - £1,480,000 funding arranged for the development of 8 new apartments following the demolition of a large house close to the town centre.  The lender 100% funded the purchase pending the sale by the developer of the final units of another scheme in Kent.

HBXL
   
 

 

 

 

 

    

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National Association of Commercial Finance Brokers

and the Association of Bridging Professionals

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