The COVID-19 crisis has been a challenging time for the development market. In particular, we are aware that the UK lockdown may have caused unexpected delays to your latest project.
Crystal Specialist Finance is committed to providing you with solutions to move forwards.
In the months ahead, if you find that you are unable to finish your scheme within the expected time frame, we can secure funding against part built sites which will allow you to complete a development in-line with your revised project schedule.
Take a look below to learn more about the scenarios we will be able to support you in.
When can you use part complete funding?
- You have run out of time on your loan facility
- You faced a cost overrun that your lender will not fund
- Your project is not eligible for a traditional developer exit
What can part complete funding provide?
- Refinance of the existing development finance facility
- A drawdown of funds to complete the development
- Time to sell the units once the development is completed
Highlights
- Max Loan Size: £5m
- 3 - 12 Month Term
- Up to 65% LTGDV
Typical earnings are £3,582*
*Assumes Crystal Specialist Finance average development loan size and 1% broker commission.
Michael Fisher on 01827 338 788
or email: m.fisher@crystalsf.com
For all other enquiries speak to our team
01827 301 070
or visit our website
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