Saturday, 27 August 2011

Development Finance At 4% Per Annum.


Development Finance At 4% Per Annum.

LTV/ C:  

Land - Up to 65% of OMV or Purchase Price (whichever is lower)
Build - Up to 50% of total development costs
   
Costs/ Fees:

1.5% Arrangement Fee
Interest at 4% per annum
1% Exit Fee

Conditions Precedent:

Funder will seek evidence of applicants stake input which must be utilised first.
Outline planning permission to be granted prior to first drawdown of Land loan.
Full planning permission to be granted prior to first drawdown of Build loan.
Interest roll up for a maximum period of 9 months for multiple plot developments.
Applicant must show sufficient development experience & clean credit history.

Please submit a brief synopsis for consideration. 

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