Top Solutions for Property Development Finance
Comprehensive Property Development Finance Solutions
If you are involved in the building industry or make a living from property development and refurbishment, then the good news is that funds are available for profitable projects that fit the criteria. Refurbishment and property development finance loans are provided from £50K upwards.
A brief synopsis of the current underwriting criteria:
- All residential property types supported: houses, terraces, mews and flats
- Applications should be supported by good evidence of demand in the local area for the development project.
- If properties are to be retained on completion, a long-term re-finance option can be provided.
- Mixed-use and commercial schemes can be supported subject to a demonstrable demand on completion.
- Developments should demonstrate sufficient margin to absorb any possible future reduction in the anticipated Gross Developed Value (GDV) of the project.
- The borrower or proposed main contractor should have a good CV and be able to demonstrate experience in the sector.
Under normal circumstances, we provide loans equivalent to 70% of the estimated GDV of the project; however, for experienced developers and if additional security is made available, we can often provide funding up to 100% of all site purchase, development and finance costs. We can also introduce mezzanine loans secured on a 2nd charge to provide any additional ’top-up’ funding.
Light & Heavy Refurbishment Loans
Light refurbishments are usually defined as cosmetic changes to a property, such as replacing a kitchen, rewiring, or redecorating existing properties. By contrast, heavy refurbishments are when structural changes are being made to the property, especially those that may require planning permission.
Lenders have different products, rates and criteria for both light and heavy refurbishment deals; this reflects their differing appetites for certain types of projects. For example, we have lenders on our panel who have a very strong interest in community projects or eco-friendly developments.
Because we have such a large lender portfolio, we are able to source the best possible rates and deals for your specific requirements and unique situation. From mainstream high-street banks to specialist lenders.
Elevate Your Business with Tailored Funding
Accessing the right financing options can significantly improve your ability to acquire or develop new property. Whether you’re seeking property development funding or considering a mezzanine funding property development strategy, Kingston Finance connects you with lenders who understand the complexities of your project. From increasing property value to structuring the right property finance solution, we provide a wide range of funding options to support residential or commercial developments. Our development funding options are designed to meet a variety of needs, from ground-up builds to large-scale refurbishment.
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Frequently Asked Questions
What is property development finance?
Property development finance is a type of funding used to finance the construction or renovation of properties. It typically covers costs such as land purchase, construction, and associated fees.
How does mezzanine funding work in property development?
Mezzanine funding is a hybrid of debt and equity financing, often used in property development to fill the gap between senior debt and equity. It provides developers with additional capital while allowing lenders to share in the project’s success.
What is a property refurbishment loan?
A property refurbishment loan is a short-term loan designed to finance the renovation or improvement of a property. It helps property owners or developers enhance the property’s value before selling or renting it out.
Contact Us for Expert Financial Guidance
If you are planning a project and require a property development loan or guidance on a suitable funding solution, Kingston Finance is ready to assist. We support clients with access to over 100 lenders, offering bespoke advice across commercial and residential property finance. Whether you’re financing a new property or reviewing finance options to support growth, our advisors will help you secure terms aligned with your objectives. Speak to our team today to discuss your property development finance requirements and how we can help deliver the right outcome.
