and Refurbishment Loans
If you are involved in the Building industry or make a living from Property Development and Refurbishment then the good news is that funds are readily available for all Residential & Commercial profitable projects which fit criteria.
Here are some highlights of what is on offer:
Advances from £25,000 to £100 million
Previous credit problems considered
Excellent rates and flexible terms
Great deals where land is already owned
Residential property development loans
Commercial property development loans
Conversion of commercial property into flats
Restoration and renovation projects
Mezzanine finance available
A brief synopsis of current key underwriting criteria:
Applications should be supported by good evidence of demand in the local area
If properties are to be retained on completion then a long term re-finance exit plan must be provided
Developments should demonstrate sufficient margin to absorb any possible future reduction in the anticipated Gross Developed Value (GDV) of the project.
Experienced developers and builders are preferred by most lenders, although some lenders will now consider good quality applications from first time developers.
For experienced developers and if additional security is made available funding can be provided up to 100% of all site purchase, development and finance costs.
Harco Assets Group t/a Harco Finance & Harco Home Loans (FRN: 937052) are Introducer Appointed Representatives of Specialist Financial Services Ltd, which is authorised and regulated by the Financial Conduct Authority under the firm reference number 676853.
PLEASE MAKE BORROWING DECISIONS CAREFULLY, PROPERTY OR OTHER ASSETS OFFERED AS SECURITY MAY BE AT RISK IF YOU CANNOT KEEP UP WITH REPAYMENTS.