Design Buy Build Issue 44 2020 | Page 11

PF&D LTD PF&D Ltd specialise solely in securing finance for the Housebuilder / Property Developer – we are not a ‘jack of all trades’ broker. 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. 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. WORKING WITH DECISION MAKERS NOT COMMITTEES To date, we have arranged over £120m of financing for the small to medium sized Housebuilder. DEVELOPMENT FINANCE - IT’S NOT JUST ABOUT THE INTEREST RATE 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. LOW INTEREST RATE FACILITIES NORMALLY MEAN LOWER LOAN SIZES 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 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. 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. 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 | Email: [email protected] 11