Tel: +44 (0)845 860 1919
Email: info@acorn-finance.co.uk
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Property Development

development

If 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, 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.

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Our Services

  • Asset Finance
  • Buying or Starting a New Business
  • Commercial Mortgages
  • Factoring / Invoice Finance
  • Business Loans

 

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

Address

71-75 Shelton Street
Covent Garden
London
Greater London
WC2H 9JQ

Tel: +44 (0)845 860 1919

Data Protection Statement : We comply fully with the General Data Protection Regulations ( GDPR ) 2018 and all client data and information you provide to us will be managed, processed and kept secure in accordance with the GDPR. We will never share, sell or distribute client data to any other third party other than Banks, Lenders , Brokers or Packagers whom we believe may serve the best interests of you the client. To view our full Data Protection Statement click here. To view our Client Privacy Policy click here.

Acorn Finance Group is a trading style of Acorn Finance Group (FRN:828218) who are Credit Brokers and Appointed Representatives of White Rose Finance Group Ltd (FRN: 630772) who are 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.