Call us on: 07833 648810
Email: info@wessgatefinancialservices.com
facebook
linkedin
twitter

  • Home
  • About
    • Terms of Business
  • FAQ’s
  • Mortgage Calculator
  • Case Studies
  • Contact Us



Property Development & Refurbishment Loans

developmentIf you are involved in the building industry or make a living from Property Development and refurbishment then the good news is that funds are available for profitable projects which fit criteria. Property Development and Refurbishment loans are provided from £50K upwards.

A brief synopsis of current key underwriting criteria:

  • All residential Property Types supported – Houses,Terrace, Mews, Flats
  • Applications should be supported by good evidence of demand in the local area
  • If properties are to be retained on completion a long term re-finance option can be provided
  • Mixed use and Commercial Schemes can be supported subject to a demonstrable demand on completion
  • Developments should demonstrate sufficient margin to absorb any possible future reduction in the anticipated Gross Developed Value (GDV) of the project.
  • The borrower or proposed main contractor should have a good CV and be able to demonstrate experience in the sector.

Under normal circumstances we provide loans equivalent to 70% of the estimated GDV of the project however,for experienced developers and if additional security is made available we can often provide funding up to 100% of all site purchase, development and finance costs. We can also introduce Mezzanine Loans secured on a 2nd charge to provide any additional ‘top up’ funding.

For free, expert advice to help secure funding for your development project please call us today or  submit an enquiry and we will contact you. Our advice is offered freely, in confidence and without obligation.


Our Services

  • Asset Leasing, Contract Hire, Sale & Leaseback
  • Buying or Starting a New Business
  • Commercial Mortgages
  • Factoring / Invoice Finance Solutions
  • Grants, EFG Scheme and Business Loan Support

 

  • Nursing Care Home and Day Nursery Finance
  • Professional Practice Loans
  • Property Development & Refurbishment Loans
  • Pub, Hotel, Restaurant and Leisure Finance
  • Short Term Bridging Loans

Latest News & Market Information

‘I can’t wait to go shopping again, it's been ages’
'Lockdown taught us we're more than just a gym'
Alibaba: Chinese regulator slaps huge fine on tech giant

Newsletter

To receive our monthly newsletter on the best Commercial Finance Products available simply complete the form below. We do not share or sell client data and you can unsubscribe at any time.

Wessgate Financial Service Ltd (FRN: 718019) are Credit Brokers and are Appointed Representatives of White Rose Finance Group Ltd (FRN: 630772) Authorised and Regulated by the Financial Conduct Authority.

PLEASE MAKE BORROWING DECISIONS CAREFULLY, PROPERTY OR OTHER ASSETS OFFERED AS SECURITY MAY BE AT RISK IF YOU CANNOT KEEP UP WITH REPAYMENTS.