Liberate Funding understand SME Property Developers. We are experts in sourcing funding for Property Development projects between £250,000 and £10 million GDV. We can support all property types residential, mixed-use and commercial schemes.
We source funding for Modern Methods of Construction (MMC) as well as traditional construction.
They key underwriting criteria:
- A projected profit margin of more than 25% of the Total Project Cost (TCV)
- Minimum of 40% of the site value to be contributed by the borrower
- Good evidence of demand for properties in the local area
- A strong CV in property development. This can be either the borrower or the proposed main contractor.
Most property developers can access borrowing up to 60% of the site value + 100% of the build costs. Highly experienced developers, who can also offer additional security, may access funding up to 100% of all site purchase, development and finance costs.
Additionally, if you plan to retain the properties on completion of the development we can also organise and assist you with transitioning to finance for the completed development.
We also source mezzanine/top-up funding if your development project is already underway and the budget is under pressure e.g. support to fund a marketing period, change in scope or a cost overrun.
For free no-obligation consultation on securing funding for your development project please call us today or submit an enquiry and we will contact you.