PF&D has helped many Housebuilder / Developers replace their existing funding with affordable short-term finance solutions. This new product known as Development Exit Finance is specifically designed to help small to medium housebuilders / developers replace their original development with what is, quite simply, a low rate bridging finance product that carries NO early repayment penalties.
1) It buys the developer more time to sell at the right price rather than having to discount prices in order to try and repay any existing development loan that’s coming to its end.
2) Where a developer is tied in to a high rate of interest development loan then this facility can produce significant savings as the interest rate is very competitive.
3) The developer can refinance existing stock to release capital to aid cash flow or indeed buy profitable sites that would ordinarily have had to pass up on.
Our friendly team not only works with you to agree the best possible deal with a suitable lender, but we also pride ourselves on working quickly, often providing in-principle terms within just 24 to 48 hours. So, if you’re currently reaching the end of a loan period, or you’re on are on a high interest rate then a Development Exit facility can ease any pressure to sell units at a discount and reduce your overall finance costs.
Secured over £120 million in finance
Access to 100+ active lenders
Can typically put an offer on the table within 24-48 hours
Independent and UK based
Equipped to source funding up to 100% of the land and build
Wealth of experience and have been sourcing finance since 1994
If you’re interested financing the development of residential or commercial sites, please call us today on 0161 433 9981 or send us a message and we’ll be back in touch as soon as possible.