Property Developers

We are a bridging & development finance lender.

All loans that we complete come from our own funds/resources – we don’t pass you on to anyone else so you are safe in the knowledge that you are dealing directly with the lender 100% of the time.

From a number of sources.

Our main source of funding is from a HNW family but that is supported by a number of institutional funding lines.

They are very much “hands off” partners and allow us to get on with what we are good at…Lending money on viable property projects that will generate a healthy return for us and our investors.

No we don’t.

We only earn money when we have completed a project and our fee structure is transparent…Our standard arrangement fee is 2% of the loan amount and we add that on to the loan so you do not have to find this amount on day 1.

Yes we do.

The standard procuration fee is 1% of our 2% arrangement fee. Other fee structures by special arrangement.

All over England and Wales with a focus on the North of England and the Midlands.

We tend not to lend in London, the South East or South West as they are not areas we know well but that’s not to say we won’t if the right deal and right borrower comes along.

We are huge advocates of “understand your market” and because our team have intimate knowledge of the major Northern & Midland cities such as Leeds, Liverpool, Manchester, Birmingham, Leicester, Coventry and Newcastle, it makes perfect sense for us to  concentrate on what and where we know.

We do not lend in Scotland or Northern Ireland currently although that’s not to say we won’t in the near future.

We can lend from £50,000 up to £3m and up to 70% LTV.

Any deal above £1m is on a case by case basis and subject to greater scrutiny by our investors (face to face meetings with the borrower for example) but below that figure, all decisions are made in house.

Both bridging loans and development finance on residential, commercial and industrial properties.

The honest answer is that it depends.

If we feel the asset is good quality and that we are confident we can protect our capital if the deal does subsequently go bad, then we will definitely consider it.

We do lend and have lent to individuals with less than perfect credit and in every case, there is usually a story to tell…One that we are happy to listen to in an attempt to see if we can help.

It’s really simple.

We charge a 2% arrangement fee on the loan amount – added to the loan.

We sometimes charge a 1% exit fee on the loan amount – payable when you redeem (pay us back) our loan.

You will have solicitor fees to pay – ours and your own.

You will usually have a valuation fee to pay (unless it’s being re-typed).

In the case of development finance, you will have a Quantity Surveyor (QS) fee to pay. This usually consists of an initial one off fee and a fee every time they visit the property to undertake an inspection.

That’s it.

There NO BROKER FEES (we are a lender), NO UPFRONT FEES, NO OTHER ADMIN FEES, NO OTHER LENDER FEES AND NO OTHER HIDDEN COSTS.

Simple.