Published 05/10/2012By Neil Patterson, partner of Property118 responsible for operational management
The Loan Directory will be a regular feature and will publish competitive and innovative product offerings to help clients identify appropriate funding facilities.
In this first publication we provide a selection of the most competitive deals on offer in respect of Development Finance. Market leading features are highlighted for easy reference.
P118 Development Loan Directory:
In association with Brooklands Commercial Finance Ltd
Brooklands is a whole of market broker with access to semi-exclusive arrangements with various lenders.
| ?Loan Size | LTV | Interest Rate ? | Arrangement Fee | Term (Min/Max) | Purpose/Features |
| Development Finance | |||||
| ?50k ? ?2m | 65% site value 100% build costs | From 0.583% per month | 2% | 1 month 18 months | No Exit Fee.Residential development.Interest serviced or rolled up into the loan. |
| ?50k ? ?2m | 50% site value 100% build costs | 1.45% per month | 2% | 1 month 12 months | No Exit Fee.Residential development.Interest serviced or deducted from the loan. |
| ?500k ? Unlimited | 50% site value 60% build costs | From 0.45% per month | 1.75% | 3 months 24 months | Exit Fee 1.75% on loan amount.Residential and commercial.Interest to be serviced. |
| ?1m ? ?15m | 90% of total costs | From 0.77% per month | 1.5% | 12 months 36 months | Exit Fee 2% of GDV.London & S.E.Other locations strong demand. |
To discuss any commercial deal please call us on 01603 489118 or email info@property118.com
For Development finance please click here.
For Commercial mortgages please click here.
For Bridging finance please click here.
If you would like to add your own requirements and search for the most popular available Buy to Let products please click here
About Neil Patterson
Neil's career began in banking in 1990. He has also managed a building society branch and worked in business development. He became an Associate Partner of The Money Centre in 2003 and subsequently took on the role of Head of Operations which included training, quality control, project management and compliance. Neil has been a Partner of Property118.com since day one, responsible for operational management which includes, amongst many other things, updating the buy to let mortgage sourcing calculator and quote engine.
View all Neil's Articles
Source: http://www.property118.com/index.php/development-finance/32599/
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