Senior debt Finance
Senior Debt Finance will typically form the initial 60% - 70% advance against the value of the property / land with the lender securing the loan by way of a first legal charge. As with most property development loans, interest payments can be deferred and regular drawdowns can be agreed in advance for small projects.
Clients should expect to pay arrangement fees, monthly interest at bank base rate plus a margin and in some instances, exit fees which could either be an agreed fixed amount or a percentage of the actual sales value of the site upon disposal.
The search for the right financial solution begins & ends with Cranfield, so contact us today.