As an increasing number of private individuals are seeing the
benefits of developing property off plan rather than purchasing
businesses as going concerns, the options available for development
finance are becoming more varied.
Our business mortgage products give you the opportunity to build
either commercial or residential property, or to carry out
renovations to existing properties.
Main Features
The terms of a commercial loan for development purposes vary
considerably from lender to lender but, as a general rule, the
following will apply:
- 60% - 70% loan to business value ratio
- Up to 100% loan to value, if the applicant owns the land
unencumbered
- 1 year+ loan term, depending on the size and nature of the
project
We are experienced in offering equity, mezzanine and senior debt
funding solutions to developers across a variety of industries.
Factors Affecting Your Loan Application
There are a number of factors which can help to make your
application more attractive to a lender:
- A deposit of 30% or more
- Additional security
- Business plan
- Proof of experience
- Good credit history
- Two years' trading accounts, or strong income projections
- Strong proposal from Christie Finance
When assessing a mortgage application for development purposes, any lender will also have to take into
account the following:
- The location
- The industry sector you will be developing in
- Planning consent
- Estimated contract term
- The experience of the developer
Go to 'Our Offices' to find your
local business mortgage representative now.
Christie Finance –
The Intelligent Choice
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