What are the advantages of development exit finance?
Property developers may start a project with the simplest end-goals in mind. You may just want to develop a building to its fullest potential, and sell individual units for a healthy profit. But, these kinds of projects take time. Often, things rarely go to plan. Refurbishment works can end up delayed, while external changes in the economy force adaptation.
We’ve seen evidence for this in recent months. Supply chain issues left builders with material shortages, while Government changes put the markets in turmoil. Adapting to these problems will be difficult enough. But our developement exit finance can ease the pressure as you find long-term solutions to these kinds of short-term issues.
On top of giving you additional time to organise your affairs, development exit loans provide flexibility and budget-friendly perks. There are many ways to set up an agreement and tailor repayment terms. You can repay the loan in stages as you sell off units, minimising the interest payable and cutting monthly bills.
Alternatively, if you’d like to cover the loan in larger instalments, we can work with that. All our products are bespoke to fit in with your requirements. No matter how complicated you fear your case to be, we’ll look to adapt with what’s needed.