As Developers Ourselves, We Understand The Process From All Angles
OUR TAKE ON DEVELOPMENT FINANCE
At Willow Isle Capital we relish the opportunity and challenge of the development finance projects we work on with our clients. We are not only brokers but have developed projects ourselves and understand the process from all angles.
In today's market the term development finance now encompasses a vast array of products that are on the market from different lenders, to suit different projects. With this in mind, it has never been more important to enlist the support of a specialist broker to help you secure the right loan for you.
A Personalised, Tailored Approach To Lending
At Willow Isle Capital, we take the time to understand you, your project and your personal situation before we approach lenders. We utilise the information we gather from you to target the right lenders and the right products, to ensure that you receive the most appropriate terms to choose from.
We Work With Our Clients Through Every Step Of The Process
- Deal appraisal
- The pitch
- Analysis of terms
- Credit approval
- MS report & legals
BENEFITS OF DEVELOPMENT FINANCE
Ensure you have right loan for the right deal
Suitable oversight and monitoring
Tailor the loan to
Options to flex the leverage to suit your financial strategy
SENIOR DEV FINANCE
Senior development finance is the most typical type of development finance is used to finance a range of property developments from new builds to conversions.
There are many development finance lenders out there and it is key to pick the right one for your project and personal situation. We are here to help you work through this decision.
Typically geared at either
60% - 65%
The loan is typically structured with the bank funding
of the cost of the works and a portion of the purchase price.
Loan sizes vary from
£100,000 - £100,000,000
with rates varying depending on the type of project and leverage.
STRETCH SENIOR DEV FINANCE
Stretched senior development finance offers a higher leverage, compared to senior development finance, typically taking the gearing to 70-75% LTGDV or 90% LTC, whilst still only taking a 1st charge against the property.
This type of product works well for experienced developers who are looking to take on multiple projects and who want to make their money spread that little bit further.
Rates are typically slightly higher than senior development finance but can still work well within a profitable scheme. Stretch senior lending can be a great tool to a developer and if you would like to know more about this, then please get in touch.
A mezzanine loan is typically secured by way of a second charge on the property and used to bridge the gap between the senior development finance lender and the equity the developer has.
Mezzanine finance is priced and structured differently to senior development finance and it is important to understand how it works before committing. Here at Willow Isle Capital, we are here to support you in this decision making.
HOW IT WORKS
How Does Mezzanine Finance Work?
- Similar to stretched senior development finance
- Mezzanine finance typically takes the gearing of a project to 70%-75% LTGDV or 90% LTC
- There are a few select mezzanine lenders who will consider super stretched mezzanine loans, which can take a developer beyond this point
- These projects are reviewed on a case by case basis
Hear from a previous client
Here is honest feedback from a recent Trustpilot review.
Absolutely amazing team.
Thank you all!
This has been our fastest completion yet as you all worked tirelessly to meet the deadline.
Look forward to doing more business with you.