Development Exit Finance
Contact UsAt 24-7 Mortgages, we provide development exit finance to help property developers secure the funds they need after completing a construction project. Our finance solutions bridge the gap between finishing a development and selling the property, ensuring cash flow remains steady.
This type of financing is essential for developers who want to avoid financial strain while waiting for sales or refinancing. We offer competitive rates and a streamlined process, covering and the surrounding area.
Contact us now to explore your options with 24-7 Mortgages.
What Is Development Exit Finance?
Development exit finance is a short-term loan designed to assist property developers once a project is complete. At 24-7 Mortgages, we offer this solution to help developers manage cash flow after the construction phase.
This type of finance typically ranges from £100,000 to £10 million and can be arranged for periods ranging from six months to two years. Our loans are processed quickly, usually taking just a few weeks for approval, and conform to industry standards and regulations.
These loans allow you to repay existing development finance and provide breathing space until you can secure longer-term financing or sell the property. We offer flexible interest rate options, including both fixed and variable rates, to suit differing financial strategies.
Our development exit finance allows for greater flexibility, enabling developers to maximise returns on their investments by ensuring projects are not rushed to sale. Contact us to discuss how our development exit finance can support your next project.
How Much Does Development Exit Finance Cost?
Development exit finance typically costs between 0.55% to 0.85% per month. At 24-7 Mortgages, we understand that costs can vary based on the loan amount, term length, and client profile.
We take into consideration factors such as the stage of your development, existing finance structures, and market conditions. This ensures that the solution fits within your financial strategy while minimising interest payments.
Our team uses various lending criteria, including credit assessment and risk factors, to help secure the best rates possible. You will have access to different finance options, such as part-and-part repayment or fully flexible plans to suit cash flow requirements.
Our aim is to provide transparent pricing and expert guidance to ensure favourable terms. Contact us today for a personalised quote.
Why Choose 24-7 Mortgages for Development Exit Finance?
At 24-7 Mortgages, our extensive experience and dedication to client satisfaction set us apart in providing development exit finance. We offer flexible loan terms and competitive rates tailored to your unique circumstances.
Our expert team ensures a smooth process from application to approval, allowing you to focus on completing your development successfully.
We provide advantageous finance options for various property types, including residential, commercial, and mixed-use developments. Our loans typically cover up to 75% of the gross development value, with terms ranging from six to 24 months.
In compliance with industry standards, we conduct thorough due diligence and valuation processes using leading surveyors.
Our deep understanding of local market dynamics enables us to offer insights that help mitigate financial risks. Choose 24-7 Mortgages for reliable and efficient financial solutions.
Get in touch with us for more information.
What Are the Benefits of Development Exit Finance?
Development exit finance offers multiple benefits to property developers, ensuring financial stability and maximised investment returns. This type of financing is crucial for bridging the gap following construction completion, giving developers the flexibility to market and sell properties without pressure.
Flexibility: Allows developers to secure funds after project completion without rushing sales, fostering better market timing for asset disposition.
Improved Cash Flow: Provides necessary liquidity to cover costs and maintain operations, including paying off subcontractors and handling overheads.
Competitive Rates: Typically offers lower rates compared to other bridging loans, making it an economical option during the sales phase.
Customisable Terms: Tailored to meet specific developer needs and project timelines, accommodating various project sizes and scales.
By leveraging development exit finance, developers can optimise their revenue streams until the final sale. Contact us to learn more about how these benefits can support your development project.
Who Needs Development Exit Finance?
Development exit finance is ideal for property developers seeking financial stability after completing a project. Often, these developers need to settle bridging loans or construction finance that was used to fund the initial development phase.
This finance solution is particularly important for those managing hefty cash flow demands while awaiting property sales, which can sometimes take several months.
It is also beneficial for developers aiming to reinvest in new projects without selling completed properties immediately, allowing them to maintain momentum in the competitive property market. Whether you're dealing with residential blocks, commercial properties, or mixed-use developments, having such finance in place can be crucial for continued growth.
Contact 24-7 Mortgages to discuss how our solutions can fit your needs within the area.
Frequently Asked Questions
Can I apply for development exit finance if some units remain unfinished?
Yes, some lenders may consider projects with minor outstanding works, depending on the property's condition and the lender's criteria.
What documents are needed to apply for development exit finance?
Lenders may request financial statements, development cost records, property valuations, planning documents and details of existing loans.
Can I repay development exit finance early?
Early repayment may be possible, but check whether your loan agreement includes early repayment fees or other charges.
Does development exit finance require a personal guarantee?
Some lenders may require a personal guarantee, depending on the borrower's financial position, loan structure and perceived risk.
What happens if my property has not sold before the loan term ends?
You may need to arrange an extension, refinance with another lender or consider alternative repayment options, subject to lender approval.
Get a Free Quote for Development Exit Finance
Need development exit finance? Let 24-7 Mortgages assist you with competitive rates and flexible terms.