About Development Exit FINANCE
Usually, Development Exit Finance (alternatively known as Project Exit Finance) can reduce the cost of funds for a loan, whilst enabling other benefits such as equity release and more time to navigate the pressure of deadlines and achieve better sale values.
The reality of property development is that often, additional time is beneficial when a project is coming to an end, to achieve the best possible return. This is where Development Exit Finance is invaluable. This form of funding is ideal for property developers who are looking to exit a recent project.
Repaying a development loan as quickly as possible and selling quickly will minimise interest paid. However, Development Exit Finance can offer an alternative: in repaying off the outstanding loan and providing developers the extra time needed to maximise what can be achieved in sales revenue.
Our team are always on hand to help you through the funding process.
Our client had completed an outstanding conversion of an office building into 170 apartments and was at the end of his development facility. We raised funds to repay and provide a year to sell.
We arranged a facility to repay the development lender following the restoration of this family home. This lowered the clients interest rate and provided 12 months to achieve a sale at the best value.