Development Exit Finance
Short-term loans designed specifically for ground up projects that are nearing or have reached practical completion. Designed following extensive consultations with developers, our Finish & Sell loans are ideal for builds that have reached a least the wind and watertight stage. Meanwhile for developments where practical completion has already been achieved our Market & Sell loans can enable developers to on move quickly and to their next project.
Loans from £250,000 to £5,000,000
Terms from 6 - 18 months
Up to 70% LTV (based on the value of completed project)
All credit profiles considered
Competitive Fixed Rates (see individual products for specifics)
Why use Saxon Trust Development exit finance?
A Finish & Sell loan from us can enable developers to obtain a cheaper rate with the project at the wind and watertight stage than they paid for their original ground-up loan.
It can also provide additional time and funds to complete works and even potentially avoid costly extension fees and default rates from their existing lender.
Alternatively, if the project has already reached practical completion, a Market & Sell loan can give developers the time needed to properly market and sell completed units at maximum value whilst at the same time releasing cash to inject into their next project.
Saxon Trust development exit loans give developers control and financial agility.
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“This loan will give me the time to maximise the sale price of my Notting Hill property, significantly reduces the rate I’m paying on it and gives me considerable cash out…”
Unnamed Developer – Notting Hill Project
Our Criteria
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Property located in England or Wales
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Up to 70% LTGDV and 90% LTC
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Residential and mixed-use (where residential is greater than 50% of floor space)
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First charge security
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UK residents, companies, trusts, and non-residents considered
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All credit profiles considered
Our Development Exit and Bridging Products:
Market & Sell
Development Exit Finance for properties which have reached practical completion. Allowing you to obtain a more competitive rate, more time to market your properties and potentially release cash for other projects. •Terms from 6 – 12 months •Up to 70% LTV •From £250,000 to £5,000,000 •Rates from 0.79% pm
Standard Bridge
Short-term property-backed finance for property purchase, raising capital, refinancing existing loans and a variety of other uses. •Terms from 6 - 18 months •Up to 70% LTV •From £100,000 to £5,000,000 •Rates from 0.79% pm
Finish & Sell
Development Exit Finance for properties which are wind and watertight. Allowing you to obtain a more competitive rate, avoid extension fees, raise additional funds and gain more time to complete outstanding works. •Terms from 6 - 18 months •Up to 70% LTGDV •From £250,000 to £5,000,000 •Rates from 0.84% pm
Auction Funding
Short-term funding designed to maximise your chances of winning a property at auction, for the purpose of resale, letting or refinancing. •Terms from 6 - 18 months •Up to 70% LTV •From £100,000 to £5,000,000 •Rates from 0.79% pm
Flexible Funding. Fixed Rates.
Flexible Funding. Fixed Rates.
With a small but highly experienced team of property professionals, we are able to provide every borrower and broker with access to key decision-makers, building close and long-lasting working relationships. To get in touch:
Phone: +44 (0)203 368 6340
E-mail: loans@saxontrust.com
