Developer Exit Finance

Case Study

Project:

What: 82 Flats in Midlands
Value: £38m total value
Mid-Project: £6m sold in the Construction Phase
Reason for Finance: Development Lender wanted their money back as the Project was late due to Planners and COVID

Kingswood Arranged a Dev Exit Facility of:

£32m Value of Flats remaining
75% LTV
£24,360,000 Gross Loan inc all Fees
£22,537,000 Net Loan
0.65%pcm for 12 months

Facility was cheaper than the Development Loan, preserved the great relationship with the Development Lender and gave the Clients a fresh 12months to sell without crashing prices to repay the Development Lender quickly.

Loans Available from £1m Upwards and Rates From 0.45% per month

Get in Touch Now

Developer Exit Finance, sometimes known as Sales Period Loans can help you refinance your current development loan.

At Kingswood Associates, our experienced team understand the pressures that Developers face. Including not wanting to sell their sites under pressure or face extension fees with their existing lender.

Our team can swiftly assist with a developer exit loan, providing the time needed to market and sell the remaining sites.

Why Kingswood Associates? Case Study Next Steps

Why arrange developer exit finance with us?

Founded in 1997, now in our 24th year of trading and advising our clients.
Diverse selection of local and international banks, institutions and private lenders.
Highly experienced in funding a vast range of projects, including complex projects.
Feasibility modelling and professional presentations to lenders.

Expert advice and guidance throughout transaction.
Industry recognised commercial property finance specialists.
Deal directly with our firm principal.

Our Latest Project

Project Details

What: Residential Development of 10 luxury homes.

Where: London.

When: The Kingswood team began working with this client in 2018. The project delivery date is 2020.

How: The client needed to repay the stretch senior debt fund as the term was soon to expire and with COVID sales of the units had been delayed. Kingswood made use of a flexible Development Exit facility to repay the debt fund and provide a new 12 month term to the developer. We further negotiated that on each sale 10% of the equity was to be used to repay the more expensive Pref Equity debt provider to maximise the developer’s profits.

Get in touch today to see how we can help you!

Get in Touch

If you would like to speak to us about funding options for your project, contact us today.

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Contact us

If you would like to talk to a member of our team about project funding or residential mortgage advice, please contact us today.

Commercial & Development team
0207 458 4436

Buy to Let and Residential Team
029 2035 3085
029 20 50 1858
Email us

Our locations

London Office
Berkeley Square House
Mayfair, London
W1J 6BD

Cardiff Office
4 Museum Place
Cardiff
CF10 3BG

About Us

We are a specialist property finance debt arrangement firm based in the heart of London. Our commercial team facilitate investment and construction funding for real estate investors and developers. Our Kingswood Residential team are based in Cardiff, specialising in mortgage advisory.

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