Catalyst launches development finance to 95% LTC

Catalyst announces its launch into the development finance market with a new stretch senior product. Offeringhigh leverage lending up to 95% Loan to Costs (LTC) including interest/75% Loan to Gross Development Value (LTGDV).Interest rates are from 7.95% pa.

Chris Fairfax, Managing Director at Catalyst says: “We are very excited to launch into the development finance market.In many ways this is a natural progression for Catalyst,being an established lender of refurbishment bridgingand development exit finance. This is a much-anticipated launch; we have listened to the UK’s leading packagers and intermediaries, asking them what they need for their property developer client base. Strong demand exists for a95% LTC product, for residential and mixed-use schemes, combined with a competitive rate and the ‘can-do’ approach to lending my team are known for.

For this initial launch we are focussing our lending on the South; sites in Berkshire, Bristol, Buckinghamshire, Devon, Dorset, Hampshire, Oxfordshire, Somerset, Surrey, West Sussex, and Wiltshire. We will roll-out to the rest of the UK in the future.Being able to offer our existing broker partners and their clients another great funding option personally makes me very proud.”

Tom Clark, Intermediary, Napex Finance, says: “As a business, Napex have hugely enjoyed our relationship with Catalyst since they entered the market. They continually bring to market products that are needed and not just copying the rest. This development product delivers in four key areas for us that will be useful to our clients and is much needed in the market.”

About Catalyst Property Finance:

• Founded in 2017
• Catalyst provides bridging, buy to let, refurbishment, anddevelopment finance
• All forms of real estate considered in England and Wales
• Led by highly experienced management team
• Multiple funding sources permitting full status and non-status lending
• Catalyst Property Finance exists to enable change
• The use of time-saving technology is central to our approach, providing customers with the perfect balance of cutting-edge technology and expert customer service.
• www.catalystpf.co.uk

For further information please contact:
Anna Bennett, Group Marketing Director for Catalyst:
0777 207 4150 | anna.bennett@catalystpf.co.uk

To visit HIVE& Partners or Catalyst Property Finance:
The Hive, Wilson House, No.2 Lorne Park Road, Bournemouth, Dorset BH1 1JN