DEVELOPMENT EXIT BRIDGING

Catalyst Property Finance / Development Exit Bridging

Development exit finance is a lending solution designed for property developers and house builders who wish to refinance their existing development finance facility to extend the sales period, save money and/or capital raise.

Our ‘finish and exit’ finance works perfectly for development projects that have remaining works below 10% of Open Market Value, higher by exception.

Our Development exit finance allows you to borrow up to 80% LTV. Rates start from just 0.85% per month for loans up to 65% LTV. 

 

Lending Criteria Overview

Loan Details

Development exit finance/’Finish and exit’ finance.
Loan terms from 3 months to 24 months.
No ERCs, 1 to 3 months minimum interest.
Loans available from £100k to £10m.
Residential loans above 75% LTV and semi commercial loans above 70% have a maximum £1m loan amount.
Interest serviced, blended or retained.

Property Details

A wide range of property types and sites are allowed.
Development exit finance.
‘Finish and exit’ for remaining works if below 10% of OMV, higher by exception.
Residential up to 80% LTV.
Semi-commercial up to 75% LTV, residential element must be >50%.
Located in England or Wales.

Borrower Details

Development exit and ‘finish and exit’ short term finance
Borrower 3 year UK address history.
UK individual or LTD Co/LLP. Offshore LTD Co.
Bankruptcy/IVAs must be discharged/cleared.
For borrowers with limited credit issues: Maximum £10k CCJs in past 24 months, settled. Rolling arrears accepted. Up to 4 missed mortgage payments in the last 12 months, none in the last 6.
More than 3 years since bankruptcy/IVA/CVA.
Credit issues beyond these amounts, please see Flex Bridging.

Have a question about Development Exit Bridging?

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If your building project is nearing completion and your development finance loan is coming to the end of its term, a development exit loan will enable you to repay your original loan facility before all the units are sold. We provide developers with quick access to:

  • Capital raise on competed development projects
  • Refinance development loans to save money
  • Refinance to extend the sales period
  • Acquire land
  • Reduce gearing
  • Redeem end of term product
  • First and second charge available.

Property developers can also use this type of funding when their development project has overrun, perhaps building works have taken more time than expected or they have a some units left to sell – our development exit loan is designed to help in these circumstances.

How does ‘development exit finance’ help brokers and their borrowers? Our team share their thoughts:

Amy Rickman, Head of Servicing, says: ‘’Our development exit is perfect to assist borrowers that need a little extra time to finish the build. It gives them breathing space to either sell their finished product or refinance to retain for future investment. Offering up to 80% LTV, Catalyst goes the extra mile to ensure customers don’t miss a good opportunity.’’

First charge monthly rates from

% of Open Market Value 65% LTV 70% LTV 75% LTV 80% LTV
Fixed monthly rates from: 0.83% 0.88% 0.93% 0.97%

Please note that all loans are subject to lending criteria and underwriting.

To discover how much bridging finance you can borrow, and at what monthly rate, please contact our New Business Team or send us a message with your contact information and we will get back to you quickly with heads of terms.

We're here to make sure you never miss an opportunity #WeAreCatalysts

FIXED monthly rates from:
% OMV Fixed rates pcm from
65% LTV 0.83%
70% LTV 0.88%
75% LTV 0.93%
80% LTV 0.97%

Please note that all loans are subject to lending criteria and underwriting.

To discover how much dev exit bridging finance you can borrow, and at what monthly rate, please contact our New Business Team or send us a message with your contact information and we will get back to you quickly with heads of terms.

We’re here to make sure you never miss an opportunity #WeAreCatalysts

Often, development exit finance is a cheaper alternative to traditional development finance with a loan extension. Call our expert team with details of your scheme and we will quickly provide rates and terms.

At Catalyst, we take pride in offering borrowers the most effective development exit bridging loans on the market and eliminating the stress of finding refinancing.

Exit finance enables you to extend your borrowing term and raise capital, providing you with the breathing room necessary to complete your project satisfactorily.

Development exit loans can be a win-win situation for borrowers. Not only will you be able to complete your project, but you will also have the opportunity to settle your existing development finance, take advantage of a potentially lower interest rate and avoid costly extension fees.

Unlike other loan alternatives that can force you to wait potentially months for finance, with this quick bridging loan, you can be in possession of the funds sooner. You can also take up to 24 months to complete your repayment. Another benefit of using an exit bridging loan is that there are no charges for early repayments.

Catalyst dev exit loans are available up to £10 million to individuals and companies.

If you are a borrower, either an individual or a company, and aged between 21 and 85, have a good credit history, and a three-year UK address, you may be eligible for an exit bridge loan with Catalyst Property Finance. To discover how our development exit bridging loans can help you, simply complete the form above or call us on 01202 112 900.

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