Developer Exit Loans

November 25, 2018
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Interbay Commercial are offering a developer exit loan on residential properties.

The loan is secured on a property that has reached practical completion with all consents and a warranty or professional consultant’s certificate in place. The property must be marketable and only recently offered for sale, but this can be used to replace other short-term finance which is ending or needs repaying.

Interest is rolled until repayment of the loan on sale, so a useful product if you have completed a project and want to release some funds while the sales are progressing.

Rates start from:

  • 55% LTV - 0.44% per month
  • 65% LTV - 0.54% per month
  • Maximum term - 18 months
  • Minimum loan size - £100,000

Secure the best solution for your investment.

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