FRIDAY 21 August 2015
For those seasoned developers that don’t require the usual 90% loan to cost that MontpelierPF has become accustomed to arranging, please find following one of the keenest priced facilities on the market:
- Residential schemes (flats and houses)
- Facility of between £0.5m and £3m
- Pricing typically 1.5% arrangement fee, 4.75% variable per annum on drawn funds, 1.5% of facility (not of GDV) on exit
- Lending to 70% of land/build costs (gross i.e. interest/fees deducted) or 55% of GDV (gross i.e. interest/fees deducted) - the lower thereof
- Locality - South of England up to South Midlands/South Wales
Montpelier Private Finance package commercial deals on behalf of Interbay Commercial, Shawbrook Bank and Aldermore Commercial. Please enquire for more details into our generous commission structure.
Remember, Montpelier Private Finance also has access to:
- HMO funding to 85% LTV
- Mezzanine and Joint Venture partners (England, Scotland & Wales) for your development deals
- Bridging rates starting from 0.42% per month (minimum advance £3m and available for residential investment and commercial assets)
- Re-mortgage investment asset within 6mths of original purchase – against open market value in certain instances
- Redemption free buy to let funding
- Buy to let funding to 85% loan to value
- Leasehold commercial finance
- Short covenant commercial investment mortgage
- Senior, mezzanine and stretched senior development funding up to 90% loan to cost (80% of GDV)
- Short term funding with no maximum lending
- First time developer funding
- Self-build through our respected regulated business partners
- High Net Worth specialist deals
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