Stretched Senior Loans – Our Clients First Choice

  • Up to 90% of costs (Loan to Cost)
  • Up to 75% of Gross Development Value
  • Loans from £1,000,000 to £30,000,000
  • Rates from 4.75%pa over BoE Base

Stretched senior development loan refers to a first charge development facility that provides a higher loan to cost value percentage than typical senior debt can do. Stretched suggesting that the loan stretched further than a normal senior debt in terms of leverage. Stretched senior loans can typically provide up to 75% of the Gross Development Value or 90% of total project costs. As expected, such funds are only available to well-experienced, professional developers, given the developer’s cash contribution will be a small percentage of overall costs. The high risk associated with higher levels of funding is reflected in a higher interest rate compared to standard senior debt.

 

Our Excellence

We have had the experience of working with several clients over the years. Why do we have a good relationship with our clients;
 
•   Provide goal-oriented advice
•    You can receive guidance related to the process
•    Our team will help you at every step

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Why Work With Us?

PropertyFinanaceCompare.com is a team of professional brokers, not lenders. We become a bridge between borrowers and lenders to enter into different types of loan agreements, including both secured and unsecured loan agreements. 

Reliable property development loan comparisons that you can trust. It is always nice to know that our clients are on the right track. What makes us different

 

What makes us stand out from our competitors?

Property finance compare has become a staple form of a brokerage firm that can help clients in almost every commercial property purchase or redevelopment project. The designed financing option help developers to quickly access the funds and compare rates needed to buy various types of commercial property until they are rented sold or refinanced under another mortgage form. 

What is property finance compared for?

In simple words, businesses that are looking for flexibility and growth. We are now working with many property developers, allowing them to compare different funding options and quickly access funds.

What are the benefits of working with us?

Tailored financial advice24/7 customer servicesReputation in the UK property development industryRelationships with a number of top lendersSuccessful project completion records

What’s difference b/w a lender and a broker?

A lender is a financial institution that makes a loan directly to you. A broker does not lend money.

FAQs

Why use broker service?

People generally use brokers for two reasons;
1. The solution to their borrowing requirement is not easy to come by and cannot be sourced through direct channels.
2. It is not a good use of their time to try and source it themselves; i.e. their time is worth more to them than the fee they pay to their broker Contact  us and we will be happy to help you!

What is your process?

An initial discussion, where we gather your information, background, and the credit value.
•  We take that information and then use our years of expertise and knowledge to shortlist appropriate lenders for you.
•  We will discuss the pros and cons of each lender, and you can decide which solutions best suits your needs
•  We further negotiate the overall package;
•  We present the best solution to you and then you decide whether you want togo ahead or not.
•  If you want to go ahead with an application, our team will manage the entire process from there.
•  Completion

Do you charge fees?

When you apply, lenders want to see how you plan to repay the loan, so you will need to show them plans for your project. They will want to know information, such as the cost of the property and the estimated cost of the project, as well as how long you expect the work to take.

They may also ask for extra reassurance about the project, and conduct their own independent evaluation of the property, and they may want to make sure you have enough funds in reserve to make up any overages or contingences.

Who are your clients?

For us discretion is key, so we would never reveal the information of anyone who is a client. Our client base is broad. Our clients tend to be business owners that wish to work with like-minded, entrepreneurial people. For example, we have dealt with entrepreneurs with a residential house in London, a ski chalet in the Alps, a holiday home in the Balearics or a BTL portfolio in the UK.

How to contact you?

Fill out our contact form, and within 24 hours, our representative will contact you.