Call: 01677 450300
Email: finance@elmfieldcommercialfinance.co.uk
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Property Development & Refurbishment Loans

developmentIf you are involved in the building industry or make a living from Property Development and Refurbishment then the good news is that funds are available for profitable projects which fit criteria. Property Development and Refurbishment loans are provided from £50K upwards.

A brief synopsis of current key underwriting criteria:

  • All residential Property Types supported – Houses,Terrace, Mews, Flats
  • Applications should be supported by good evidence of demand in the local area
  • If properties are to be retained on completion a long term re-finance option can be provided
  • Mixed Use and Commercial Schemes can be supported subject to a demonstrable demand on completion
  • Developments should demonstrate sufficient margin to absorb any possible future reduction in the anticipated Gross Developed Value (GDV) of the project.
  • The borrower or proposed main contractor should have a good CV and be able to demonstrate experience in the sector.

Under normal circumstances we provide loans equivalent to 70% of the estimated GDV of the project however,for experienced developers and if additional security is made available we can often provide funding up to 100% of all site purchase, development and finance costs. We can also introduce Mezzanine Loans secured on a 2nd charge to provide any additional ‘top up’ funding.

For free, expert advice to help secure funding for your development project please call us today or submit an enquiry and we will contact you. Our advice is offered freely, in confidence and without obligation.

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Our Services

  • Asset Leasing, Contract Hire, Sale & Leaseback
  • Buying or Starting a New Business
  • Commercial Mortgages
  • Factoring / Invoice Finance Solutions
  • Grants, EFG Scheme and Business Loan Support

 

  • Nursing / Residential Care Home and Day Nursery Finance
  • Professional Practice Loans
  • Property Development & Refurbishment Loans
  • Pub, Hotel, Restaurant and Leisure Finance
  • Short Term Bridging Loans

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Address

Elmfield Commercial Finance
Arrathorne,
Bedale,
North Yorkshire,
DL8 1NE

Tel: 01677 450300

Data Protection Policy


Elmfield Commercial Finance are Credit Brokers, Authorised and regulated by the Financial Conduct Authority (FCA) FRN: 771983 as a credit brokers not lenders. Please note some of the services we offer are not regulated by The Financial Conduct Authority, please ask us for further information.

PLEASE MAKE BORROWING DECISIONS CAREFULLY, PROPERTY OR OTHER ASSETS OFFERED AS SECURITY MAY BE AT RISK IF YOU CANNOT KEEP UP WITH REPAYMENTS.

IF YOU ARE FACING FINANCIAL DIFFICULTIES CONTACT THE MONEY ADVICE SERVICE - FOR DETAILS CLICK HERE

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