PF&D Ltd
Low interest rate facilities normally
mean lower loan sizes NEW PRODUCT - Development Exit
Finance
This new product is specifically
designed to help small to medium
housebuilders / developers replace their
original development funding with a
low rate bridging finance product that
carries NO early repayment penalties.
To date, we have arranged over £120m
of financing for the small to medium
sized Housebuilder. Some lenders limit their loan to 60%
of costs to offer low rates of interest
meaning the developer has to find 40%
of costs! This amounts to a massive
drain on cash flow. However, with a
slightly higher interest rate, some
lenders offer up to 90% of costs which
means the developer only needs to find
10% of all costs - that's a full 30% less
cash required to make the same deal
work. Development Finance - it’s not just
about the interest rate Working with decision makers not
committees As brokers we often find that some
developers seem to be more interested
in saving ‘a few bob’ on the interest rate
rather than ensuring the lender they
choose can deliver the right blend of
finance and quickly and above all are
able to be flexible when needed. We believe it’s key to associate with
lenders who offer competitive terms
but whose emphasis is on agility and
an ability to ‘take a view’ on issues
that affect things such as a speedy
completion. This flexibility is much
more important than shaving half a
percentage point off the rate.
PF&D Ltd specialise solely in securing
finance for the Housebuilder / Property
Developer – we are not a ‘jack of all
trades’ broker.
We secure Development Finance, Exit
Finance and Planning Gain Finance
for projects throughout the UK
ranging from single plots to multi-unit
developments such as flatted schemes.
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This benefits the housebuilder in a
few ways from being able to refinance
existing stock to release capital to aid
cash flow to acquire new sites to having
more time to sell at the right price
rather than having to discount prices in
order to repay the existing facility.
0161 433 9981
Web: www.pf-d.com
Emai: [email protected]