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What is refurbishment finance?
Refurbishment loans are a useful finance tool for investors looking to add value before selling or refinancing investment property. In most instances, this short term solution allows you to minimise the initial cash contribution to your project, whilst maximising the return on your investment. It could allow you to borrow to fund the cost of the works involved in completing the refurbishment, in addition to a contribution towards the initial purchase.
Read more about how Refurbishment loans work by downloading our helpful guide or selecting a question below:
Refurbishment
Are you looking to purchase a property, add value through a refurbishment and then sell or retain for rental? Is the property not currently mortgageable or requires planning permission to convert to an alternate use? Lenders in the short-term finance market have created products which work with and for you in completing your projects and/or building your portfolio.
Development Exit
Development Exit finance, also known as a ‘marketing bridge’ is often used by clients who are approaching the completion of a project and need time to sell. It’s not always possible or can be costly to extend your development finance and a short-term-loan, at a lower cost, may be the solution.
Auction Finance
If you are buying a property at auction, you will have 28 days to pay the remaining balance and complete your purchase. Short-term finance is often used as, by its nature, it ‘bridges’ the gap between purchase and securing longer term finance. It can be used to purchase residential, semi-commercial and commercial property and also land.