Property Development Finance

At Sterling Capital Reserve, we regularly arrange development finance for clients looking to develop property.

This can be for:

Property developers, Private Builders or Self build projects. Our panel of lenders have excellent reputations for their expertise, speed, flexibility and reliability. In most cases a higher level of loan to value can be obtained from such specialist lenders than can be obtained from traditional high street banks.

Finance is available for:

• Commercial Development (Pre let or pre sold)
• Residential development (New build, conversions, extentions)
• Property Trading (Acquisition, refurb and onward sale)
• Planning Gain Finance
• Investment Portfolios

Development Finance Criteria:

• Loan Size £100,000 - £5 million
• Term Up to 24 months
• LTV 60% of Land/ Site valuation
• 100% of build costs
• Valuation Lender’s surveyor / valuer will monitor costs, timetable and cashflow.
• Stage payments are usually released on monthly certification.
• Sites to have planning in place before drawdown
• As a guide, projects should show a minimum of 25% profit on cost.