What Development Finance Options Do They Offer?
In a fast moving, time sensitive industry such as property development, Close Brothers pride themselves on providing swift financial solutions with flexible terms to minimise missed opportunities. To avoid unnecessary delays they can obtain a decision in principle within hours.
Close Brothers have arranged finance for their clients’ commercial projects, whether it’s a commercial development or an experienced investor they may be able to offer:
- Maximum 65% of Gross Development Value for commercial development (typically 85% + of costs)
- Up to 70% of the market value for commercial investment loans
- Loans ranging from £1m to £20m
- Loan terms of up to 5 years
Close Brothers have experience in arranging finance for their clients’ residential projects, whether it’s a development for houses, flats, a mixed use property or retirement housing, for experienced developers they may be able to offer :
- Senior Debt Loans from £750,000 to £20m
- Maximum of 60% Gross Development Finance
- Up to 85% of development costs
- Mezzanine top up finance accepted subject to full priority
The type of finance Close Brothers can provide could help to pay for the contractors and materials required for your development project, including structural amendments, plumbing, electrics, flooring, insulation, windows and more.
As a lender based in the United Kingdom, Close Brothers provide financial solutions for clients throughout England, Scotland and Wales.
What Do Close Brothers Need To Know For My Application?
In order to provide property development finance, Close Brothers require evidence of a developer’s previous successful projects.
Finding The Right Development Finance For Your Project?
Sourcing the right finance at the right price for your development project is where Clifton Private Finance can help. We have access to a large range of lenders including Close Brothers and can assist depending on your project and finance requirements.
Call us today on 0203 900 3040 or complete our callback request form