Development Finance
Development Finance
Western Money funds residential, commercial and mixed-use developments of single unit projects and larger, multi-unit schemes.
- Loans from £75k to £50.0m
- Up to 70% LTV on purchase
- Up to 100% build costs
- Up to 70% GDV
- Available for commercial, residential properties and land with planning.
- 1st Charge only
- Loan to SPV’s, companies and individuals
- Up to 36-month term
01
Case Study
Client was converting an old coach house into a single residential dwelling in south London. Not all developments go according to plan due to unforeseen circumstances. Western money used a common-sense approach to lending to ensure the client had funds to finish the property as quickly as possible, even though the build was behind schedule.
- 65% of Land Value £200,000
- 100% of Build Costs £150,000
- GDV £550,000
- 14-month term