Development Finance
Development Finance
Up to 75% of the GDV or 100% with additional security
A loan to purchase or refinance land or property with residential planning permission together with drawdown payments for the cost of construction of the new property. Additional security and second charges can be considered to assist project viability and provide 100% funding of land purchase and development costs.
Criteria Summary
- Loan size £150k to £1.75m
- No development experience required but experienced developers and contractors preferred.
- Planning permission in place
- All new build units must carry a 10 year structural warranty
- 100% of the build costs provided
- Loan term 3 - 24 months
- Loan secured by first legal charge
Indicative Rates
- Interest from 1% per month
- Arrangement fee from 2%
- Typically no Exit Fee
General Loan Requirements
- Our rates are dependent on the risk profile of the proposal including the LTV and the borrower's level of experience.
- All borrowers are met and sites visited by an AEF representative.
- Loans offered in England, Scotland and Wales.
- The loan can be serviced or interest rolled up.
- Our legal, valuation and monitoring surveyor professional fees are to be paid by the borrower.
- AEF will consider refunding the professional fees, adding them to the Loan Facility.
AEF are not regulated by the Financial Conduct Authority and provides unregulated lending only.
Ready to fund your next project?
